News release 27 January 2012 – 1/2012 

FIN-FSA seminar considered strategic issues related to EU regulation and supervision 

On 25 January 2012, the Financial Supervisory Authority (FIN-FSA) organised an English-language seminar, directed at the management of supervised entities and listed companies, on the theme ‘How can we make regulation and supervision best support the health of financial markets?’

Speakers at the event were the chairpersons of the EU financial supervisory authorities, Andrea Enria of the European Banking Authority (EBA), Gabriel Bernardino of the European Insurance and Occupational Pensions Authority (EIOPA) and Steven Maijoor of the European Securities and Markets Authority (ESMA). The European Commission was represented by Mario Nava, Deputy Head of Unit. Jyri Häkämies, Minister of Economic Affairs, addressed the seminar as the Finnish Government’s representative, while the financial sector’s point of view was brought forward by Johnny Åkerholm, President and CEO of the Nordic Investment Bank. Anneli Tuominen analysed in her opening remarks principle questions in EU regulation and supervision.

The main themes of the seminar were:

  • Priorities for EU supervisory authorities’ work
  • Key areas of EU regulation in different sectors
  • Impact of regulation on the development of the financial sector and the macroeconomy
  • Challenges for monitoring risks and capital adequacy in the banking and insurance sector
  • Supervision of securities markets and the provision of savings products

Please familiarise yourself with the presentations:

  • Anneli Tuominen:  Opening Remarks
  • Andrea Enria:  The EBA after One Year: Achievements and Challenges Ahead
  • Gabriel Bernardino:  Towards a European Supervisory Culture
  • Steven Maijoor:  New European Supervisory System: ESMA's experience
  • Mario Nava:  The EC's Priorities in Developing EU Regulation in Banking and Insurance
  • Johnny Åkerholm:  Basel III outdated before the ink has dried (at the NIB's website)