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METHOD:PUBLISH
VERSION:2.0
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DTSTART:20240620T090000
DTEND:20240621T163000
DTSTAMP:20260405T161000
SUMMARY:Harmonisation of administrative sanctions and procedures in European Union financial markets law: towards a European model?
DESCRIPTION:The Luxembourg Centre for European Law (LCEL) invites you to an international conference exploring how to improve the effectiveness of enforcement in the European financial markets law. While effective enforcement is indispensable for proper functioning of the financial markets, in the EU enforcement poses a particular challenge and has not received enough research attention. Despite efforts towards greater harmonisation, the current legal landscape remains fragmented and, in some areas, practically incoherent, justifying the questions how to improve the legal system to achieve efficient enforcement.\n\nThe conference aims at examining which substantive and procedural rules in the EU financial markets law, with particular focus on administrative sanctions for misrepresentation, could benefit from greater harmonisation at the EU level and what reforms could improve the Member State financial markets law, with the aim of achieving credible deterrence in the enforcement of securities regulation as requested also by the International Organisation of Securities Commissions (IOSCO). Several key jurisdictions will be covered. The effectiveness of sanctions is important not just from perspective of financial system integrity but also from an overarching context of societal demands for accountability in the financial sector and by the growing concerns from failures of national financial supervisors to prevent the financial scandals and questions about the market outlook of the diverging supervisory practices.\n\nThe conference will bring together leading scholars, experts and financial market supervisors who will examine the topics of supervisory convergence of the EU capital markets law enforcement, the evolution, effectiveness and challenges of administrative sanctions in European capital markets law, improving and reforming of the enforcement of the EU capital markets law, national designs, differences and experiences with administrative sanctions and enforcement, transatlantic and global view on securities enforcement, challenges of credible deterrence of securities regulation, and intersection of public and private enforcement of the EU capital markets law.\n\n20 June 2024\n\n9.00 - 9.15\n\nWelcome address\n\nProf. Pierre-Henri Conac (Acting Director Luxembourg Centre for European Law, University of Luxembourg & Max Planck Fellow, MPI Hamburg)\n\nProf. Katalin Ligeti (Dean Faculty of Law, Economics, and Finance, University of Luxembourg)\n\n9.15 - 10.15\n\nESMA´s supervisory convergence, supervision and enforcement of the EU capital markets law\nChair: Prof. Pierre-Henri Conac (University of Luxembourg, MPI Hamburg)\n\nESMA’s perspective on supervisory convergence of EU capital markets law enforcement\nMs Amandine Zelenko (European Securities and Markets Authority, ESMA)\n\nImproving the effectiveness of enforcement of the EU capital markets law (lessons from financial regulation?)\nProf. (em.) Eddy Wymeersch (Ghent University)\n\nDiscussion\n\n10.15 - 10.45\n\nCoffee break\n\n10.45 - 12.00\n\nEvolution and effectiveness of administrative sanctions in European capital markets law\nChair: Prof. Pierre-Henri Conac (University of Luxembourg, MPI Hamburg)\n\nEvolution of system of administrative sanctions in the EU capital markets law: the past, present and the future\nDr Jacek Dybinski (Luxembourg Centre for European Law, University of Luxembourg)\n\nReforming the EU capital markets law enforcement after Wirecard\nProf. Rüdiger Veil (Ludwig-Maximilians-University)\n\nPathways for achieving convergence in the enforcement of EU capital markets law in the capital markets union\nProf. Tobias Tröger (Goethe Universität, Frankfurt am Main)\n\nDiscussion\n\n12.00 - 13.00\n\nLunch\n\n13.00 - 14.15\n\nCapital markets law sanctions from national perspective\nChair: Prof. Eilis Ferran (University of Cambridge)\n\nAdministrative sanctions in capital markets law for misrepresentation in Germany\nDr Julia von Buttlar (European Securities and Markets Authority, ESMA)\n\nCriminal sanctions in capital markets law for misrepresentation in Denmark\nProf. Jesper Lau Hansen (University of Copenhagen)\n\nAdministrative sanctions in capital markets law for misrepresentation in the United Kingdom\nProf. Niamh Moloney (London School of Economics)\n\nDiscussion\n\n14.15 - 14.45\n\nCoffee break\n\n14.45 - 16.00\n\nCapital markets law sanctions from national perspective – Part II\nChair: Prof. Silvia Allegrezza (University of Luxembourg)\n\nAdministrative sanctions in capital markets law for misrepresentation in Italy\nProf. Matteo Gargantini (University of Genoa)\n\nAdministrative sanctions in capital markets law for misrepresentation in Spain\nProf. Isabel Fernandez-Torres (University of Complutense)\n\nDiscussion\n\n16.00 - 16.30\n\nCoffee break\n\n16.30 - 17.20\n\nCapital markets law sanctions from national perspective – Part III\nChair: Prof. Rüdiger Veil (Ludwig-Maximilian-University)\n\nAdministrative sanctions in capital markets law for misrepresentation in France\nProf. Pierre-Henri Conac (University of Luxembourg, MPI Hamburg)\n\nAdministrative sanctions in capital markets law for misrepresentation in Belgium\nProf. Michel Tison (Ghent University)\n\nDiscussion\n\n17.20 - 17.30\n\nClosing remarks of the first day\n\n21 June 2024\n\n9.00 - 10.30\n\nTransatlantic and global view on securities enforcement\nChair: Dr Jacek Dybinski (University of Luxembourg)\n\nEnforcement by the Securities and Exchange Commission (SEC) in the US for false disclosure and misrepresentation\nProf. Marc Steinberg (SMU Dedman School of Law)\n\nSecurities enforcement in Canada for false disclosure and misrepresentation: between the common and civil law\nProf. Stephane Rousseau (University of Montréal)\n\nCredible deterrence in the enforcement of securities regulation. Revised IOSCO 2024 report\nMs Jessica Heyse (International Organization of Securities Commissions, IOSCO)\n\nDiscussion\n\n10.30 - 11.00\n\nCoffee break\n\n11.00 - 12.15\n\nComparative practice and experiences\nChair: Prof. Michele Siri (University of Genoa)\n\nChallenges of the administrative enforcement of ESG disclosure in the EU capital markets law\nProf. Kern Alexander (University of Zurich) (online presentation)\n\nGlobal enforcement in the financial industry: A new dataset\nAss. Prof. Roy Gava (University of Saint Gallen)\n\nSwitzerland: Does FINMA need fines and a senior management regime?\nAdj. Prof. Urs Zulauf (University of Geneva, former general Counsel Swiss Financial Market Supervisory Authority, FINMA)\n\nDiscussion\n\n12.15 - 13.15\n\nLunch\n\n13.15 - 14.30\n\nPublic/Private enforcement and the courts\nChair: Dr Damjan Kukovec (Judge of the General Court)\n\nHow and why public enforcement works? Lessons from US for the EU\nProf. Howell Jackson (Harvard Law School) (online presentation)\n\nProcedural aspects of European financial regulation and enforcement\nProf. Marco Lamandini (University of Bologna, European Securities and Markets Authority, ESMA Board of Appeals)\n\nRegulatory Agencies and Private Damages in European Financial Markets Law\nProf. Olha Cherednychenko (University of Groningen) (online presentation)\n\nDiscussion\n\n14.30 - 15.00\n\nCoffee break\n\n15.00 - 16.30\n\nAdministrative enforcement of the EU capital markets law: the way forward\n\nAchieving credible deterrence and efficiency of sanctioning with administrative sanctions in the EU capital markets law\nProf. Pierre-Henri Conac (University of Luxembourg, MPI Hamburg)\n\nRoundtabel\nChair: Prof. Pierre-Henri Conac (University of Luxembourg, MPI Hamburg)\n\nProf. Eilis Ferran (Cambridge University)\n\nProf. Niamh Moloney (London School of Economics, LSE)\n\nProf. Rüdiger Veil (Ludwig-Maximilian-University)\n\nMs Amandine Zelenko (European Securities and Markets Authority, ESMA)\n\nRead more: https://www.uni.lu/lcel-en/events/harmonization-of-administrative-sanctions-and-procedures-in-european-union-financial-markets-law-towards-a-european-model/
UID:UL-663
LOCATION:LCEL 4 - rue Alphonse Weicker L-2721 Luxembourg LU
URL:https://www.uni.lu/lcel-en/events/harmonization-of-administrative-sanctions-and-procedures-in-european-union-financial-markets-law-towards-a-european-model/
X-MS-OLK-AUTOFILLLOCATION:FALSE
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