The Missing Link - Creating The European Capital Market

THE MISSING LINK - CREATING THE EUROPEAN CAPITAL MARKET June 16-18 2002 The Finance Foundation*, an organization made up of a group of leading European financial practitioners working together to implement change in the European finance community, will be holding a high-ranking conference 16-18/06/02 at the Hotel Excelsior and Hotel des Bains Hotel, Venice-Lido. The conference will bring together over thirty speakers and 200 participants. Some of the participating executives and professionals are already working in preparation for the Conference, identifying what they consider to be the most immediate measures necessary to build financial Europe. Their suggestions will be collated in 'Catalogues de Grievances' (a term taken from the French Revolution) which will be presented, debated and modified in workshops during the Conference. Workshops will concentrate on the following: · Takeover Rules: To define a set of clear and consistent takeover rules to stimulate cross-border mergers and acquisitions. · Cross-border Clearing and Settlement: How to develop one efficient clearing settlement netting system that will apply to all of Europe. · Exploiting Electronic and Internet Potential: To concretely assess the role of new technologies in making the "great leap forward" to connect and build the European Market. · European Democratic Process: To build a transparent dialogue and decision-making process between financial market professionals and European Union parliaments, national governments, commissions and regulatory agencies. "Through this Conference we are going to identify the most pressing initiatives necessary to make concrete progress on creating a single European financial, in order to compete with those of the United States and Asia. The conference will define clear and constructive measures to be implemented within the next 12 months, leading to the accelerated development of a unified capital market. The resulting catalogues will be presented to the European Commission, the European Parliament & the national governments of Europe for deliberation". Michel Gabrysiak, CEO Finance Foundation Chairmen and Presidents from a range of high profile institutions will be participating in the Conference, including: · Professor Giulio Tremonti, Minister for Economy and Finance, Italy · Professor Alfonso Desiata, President, ANIA · Dr Ralf Breuer, Designated Chairman, Deutsche Bank Supervisory Board & Chairman of the German Banks Association · Sir David Walker, Senior Advisor, Morgan Stanley & Chairman LIBA · Henri-Claude de Bettignies, Professor, INSEAD · Hermann Josef Lamberti, Member of the Management Board Deutsche Bank · Jean-Claude Trichet, Governor, Bank of France · Karen Elliott House, President, Dow Jones Europe · Dr Werner Seifert, Chairman Management Board, Deutsch Borse · Olivier Lefebvre, Managing Board member and executive VP Euronext · Luigi Spaventa, Chairman, Consob, Member of the Lamfalussy Wise Men Group · Professor Mario Monti, member of European Commission · Peter G. Gyllenhammar, Chairman, CGNU · Jean-Pierre Pinatton, Association Francaise des Entreprises d'Investissement · Alexandre Hungate, Chief Marketing Officer, Reuters · Rainer Masera, Chairman San Paolo, IMI · John M. Thomson, Vice-Chairman, IBM · Elaine Sullivan, Global Financial Markets Executive, IBM · Christa Randzio-Plath, Chair European Parliament Economic and Monetary Affairs Committee · Sir Andrew Large, Vice Chairman, Barclays Bank, Group of Thirty · Andre Roelants, CEO, Clearstream · Patrick Drayton, Vice-Chairman, Schroder Solomon Smith Barney, former director of British Takeover Panel · Chris Tupker, Chairman of the Board, Euroclear · Rene Ricol, President Elect, International Accountants Association · HJ Vogt, visiting professor MIT, Associate Professor, King's College, Cambridge University · Patrick Combe, PDG, Groupe Viel · Yves Burrus, President, Anglo-Irish Bank (Switzerland) · Dieter Heinemann, member of the board of Directors, ICF · Georg Wittich, President, Bundesaufsichtsamt fur den Wertpapierhandel · Karl von Wagau, Member of the European Parliament · H.J. Voht, Visiting Professor at MIT, associate professor at King's College, Cambridge University · Pehr G. Gyllenhammar, chairman European Financial Services Round Table · Jean-Claude Trichet, Governor, Bank of France · Manfred Zass, CEO DGZ-DEK ABank · Maurizio Sella, Chairman, Association of Italian Banks "We at The Finance Foundation believe that a single, true capital market in Europe is a vital and urgent necessity in order to allow all market users, national and European, to do business in Europe without national barriers and obstacles. There is vast potential that is untapped right now. We want to create jobs, growth and wealth in Europe and compete with the American capital market." Dr. Rolf Breuer, Chairman, Board of Trustees, Finance Foundation There will be a combination of panels and speechs alongside the workshops, with highlights including discussions on: · 'The Sad State of the European Capital Market' · 'European Capital Market - The View from Rome' · 'Avoiding Enron 2: Necessary Changes in Modern Capitalism practice' · 'Clearing and Settlement for Europe' · 'Achieving a European Retail Market for Financial Services' · 'The Electronic Leap Forward of the European Capital Market' · 'The Euro will Accelerate the development of a European Capital Market' · 'European Rule of Law getting to transparency and participative democracy in finance' · 'Markets Matter: what future for the stock exchanges?' · 'We the young Europeans want a Capital Market now' · And others. · For further information and a full conference program contact: Kate, Max PR, +00 44 (0)208 939 9000 Interviews available with Finance Foundation members Limited media places available at the conference * The Finance Foundation was formed in 1997 to accelerate the creation of a European capital market and a community of European market users who are, still today, more or less isolated in 18 countries and some 25 financial centres. The organisation is made up of practitioners who wish to discuss and affect change in the finance community. It sponsors and organises a number of different activities which promote discussion and propositions on key European financial issues. Finance Foundation Board CEO: Michel Gabrysiak. Executive Committee: Marisa Barbour, Managing Director, Jean-Marie Cardinet, CFO, Dana Settelen, Secretary General, Chairman: Dr. Rolf Breuer. Vice Chairmen: Dr. Werner Seifert, Jean- François Theodore, Sir David Walker ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/04/23/20020423BIT00420/wkr0001.doc http://www.waymaker.net/bitonline/2002/04/23/20020423BIT00420/wkr0002.pdf