The Chairman of the FSMA, Jean-Paul Servais, gave a keynote speech today at an international conference in Frankfurt at the invitation of Joachim Nagel, President of the Deutsche Bundesbank. Maria Luís Albuquerque, European Commissioner for Financial Services and the Savings and Investment Union, and Mark Branson, President of the German financial supervisory authority Bafin, also spoke at the conference.
As chair of IOSCO, the international organization whose membership regulates 95% of the world's securities markets in more than 130 jurisdictions, and of the OECD Corporate Governance Committee, Jean-Paul Servais emphasized that many challenges that capital markets are facing, are global in nature.
‘Well-functioning markets are essential to broader goals, such as the digital transformation of our economies. I support efforts to deepen and strengthen those markets — resulting in better access, increased liquidity and more diversified investment opportunities. A seamless framework, aligned with global standards, is key to making this a reality,’ Jean-Paul Servais declared to an audience of over 100 participants.
