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The future of the financial services sector: priorities for 2022 and beyond
The green and digital transitions, as well as important legislative developments such as the implementation of the Capital Markets Union and the Banking Package, will pave the way forward for the financial services sector for the coming year. On Tuesday, 30 November, AmCham EU hosted a discussion to analyse the priorities and key files which will be paving the way for the sector in 2022 and beyond.
Moderated by Catherine Davidson (Morgan Stanley), Chair, Financial Services Committee, AmCham EU, the panel featured Maria Raffaella Assetta, Head of Unit, International Affairs, DG FISMA; Professor Danuta Hübner, MEP (EPP, PL); Corrado Camera, Advisor to the US Treasury Representative in Europe, US Mission to the EU and Nicolas Véron, Senior Fellow at Bruegel and the Peterson Institute for International Economics.
Panelists highlighted the crucial elements of needing to manage a post-Covid recovery coupled with increased resilience, while successfully addressing the twin transitions of green and digital in the financial services sphere. Close cooperation between both sides of the Atlantic to tackle common challenges, makes for an important factor in ensuring global problems and structural changes can be addressed appropriately to preserve market integrity, and consumer protection, while also enabling innovation and maintaining openness. Furthermore, close coordination amongst the transatlantic partners ensures a more competitive, sustainable and beneficial environment, making both the EU and US financial system ready for the world of today and tomorrow.