Around 800 participants are attending the 7th FMA Supervisory Conference, on “Financial Markets 2.0 – (R)evolution?”, taking place today at the Austria Center Vienna. Regulators and supervisors are discussing the massive challenges currently faced by the financial sector with representatives from the financial industry and from politics. The opening keynote address, delivered by Andrea Enria, the Chairperson of the European Banking Authority (EBA), addresses the general topic of the conference. In addition Minister of Finance Hans Jörg Schelling and Federal Minister Thomas Drozda, speaking on behalf of Federal Chancellor Christian Kern, will also address current issues relating to financial market policy in their keynote speeches. Enria’s keynote speech will lead into a discussion session, where he will be joined the Governor of the Oesterreichische Nationalbank, Ewald Nowotny, and FMA Executive Director Klaus Kumpfmüller.
The podium discuss on the issue of “The digital (r)evolution” focusses on the challenges arising from technological progress, in particular the FinTech boom. These issues will be discussed by FMA Executive Director Helmut Ettl with Andreas Dombret, a Member of the Executive Board of the Deutsche Bundesbank, Stuart Mackintosh, Executive Director of the “Group of Thirty” global think tank and FinTech investor Stefan Klestil.
This session will be followed by three parallel workshops. Workshop 1 addresses the issues of whether the market is already ready for independent investment advice. Workshop 2 discusses the new European resolution regime from the standpoint that resolvability represents a new component of the management of banks. Workshop 3 examines the business model of insurance undertakings in times of climate change, the low interest environment and increasing life expectancy.
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)676/882 49 516