LUNCH DEBATE - Working Group FINANCIAL SERVICES
Thursday, 22 February 2018 from 13:00 to 14:30 hrs
Introduction: Wolf KLINZ MEP, ALDE/Germany, Member of the Committees on Economic and Monetary Affairs and Budgetary Control
Moderator: David DOYLE, Member of the Board, Kangaroo Group
Keynote Speaker:David WARREN, Chief Executive Officer, London Stock Exchange Group (LSEG)
Kay SWINBURNE MEP, ECR/UK, Vice-Chair of the Committee on Economic and Monetary Affairs
Simon LEWIS, Chief Executive, Association for Financial Markets in Europe (AFME)
Peter DE PROFT, Director General, European Fund and Asset Management Association (EFAMA)
Rafael PLATA, Director General, European Association of CCP Clearing Houses (EACH)
Tuesday, 9 January 2018
Brussels Lunch Debate
"Is there a Role for Self-Regulation in Regulatory Risk Management?"
Jim ROMINE, Head of the Research Institute For Fragrance Materials (RIFM)
Andreas SCHWAB MEP, EPP/Germany, Member of the Committee on the Internal Market and Consumer Protection
LUNCH – DEBATE
Working Group on SPACE, SECURITY & DEFENCE
Wednesday, 6 December 2017 from 13:00 until 14:30 hrs
“Space and Security strategy for Europe”
Kai-Uwe SCHROGL, Chief Strategy Officer and Head of Strategy Department,
European Space Agency (ESA)
Wednesday, 21 June 2017 from 08:00 to 09:30 hrs
“Smart Metering for Smart Communities –
The Energy Union and municipal utilities”
Norbert LINS MEP, Member of the Environment, Public Health and Food Safety Committee, European Parliament
Manuel SANCHEZ JIMENEZ, Policy Officer-Senior Officer for Smart Grids, DG ENER
Nicola POCHETTINO, Head of Division Electricity Networks, European Investment Bank, Luxembourg
Frank GUTZEIT, President of the Division Board DIEHL METERING, Member of the Executive Board DIEHL
Brussels Lunch Debate
Tuesday, 27 September 2016 from 13:00 to 14:30 hrs
"Transport Industry perspective on the Digital Single Market"
Günther OETTINGER, Commissioner for Digital Economy and Society
Martin LUNDSTEDT, President and CEO, Volvo Group
Jean-Dominique SENARD, CEO and Managing General Partner, Michelin
Breakfast Meeting, Energy Debate, Wednesday, 15 June 2016
BRUSSELS-DEBATE, Tuesday, 3 May 2016 from 18:30 to 21:00 hrs
“Bioterrorism – Is the EU prepared?
Monika HOHLMEIER MEP, EPP/Germany, Rapporteur, Member of the Committee on Civil Liberties, Justice and Home Affairs
John GATT RUTTER, Head of Counter-Terrorism Division, EEAS
Jorge Manuel BENTO SILVA, Acting Head of Terrorism and Crisis Management Unit, DG Home
Levent ALTAN, Executive Director, Victim Support Europe
Dr. Steven CHATFIELD, Senior Adviser, Emergent BioSolutions
In the wake of the Brussels bombings, the European Parliamentary Research Service concluded that: “While attacks against public transportation systems are unfortunately not a new phenomenon, coordination between Member States on the possibility of a terrorist attack using non-conventional weapons such as chemical, biological, radiological or even nuclear materials is also now urgently needed.” Should the unthinkable ever happen does Europe have the tools and medical countermeasures in place to protect citizens and save lives?
BRUSSELS-DEBATE, Wednesday, 20 April 2016 from 8:00 to 9:30 hrs
“Market Economy for China - The end of effective EU-trade defence? Challenges for the Steel Industry”
- Bernd LANGE MEP, Chair of the Committee on International Trade
Martin THEURINGER, Director for Economics and Chief Economist, German Steel Federation
Brussels-Breakfast-Debate, Wednesday, 16 March 2016 from 8:00 to 9:30 hrs
“Transparent prices versus confidential agreements:
What’s best for patient access and sustainable healthcare?”
Introduction: Paul RÜBIG MEP, EVP/Austria, Member of the Committees on Industry, Research and Energy and Budgets
Presentation: Dermot GLYNN, Europe Economics, Author of the Study « External Reference Pricing – the case for transparency in pricing »
Andrzej Jan RYS, Director, Health Systems, Medical Products and Innovation, DG SANTE
David SAUNDERS, former Chief Executive of UK Competition Commission
Erik MEINHARDT, Market Access Lead for Europe and Canada, MSD Menno AARNOUT, Executive Director, International Association of Mutual Benefits Societies (AIM)
Conclusion: Nicola BEDLINGTON, Secretary General of the European Patients' Forum (EPF)
With the completion of the Single Market being one of its key goals, inequalities in access to innovative medicines are of concern to the Kangaroo Group. The Dutch EU Council Presidency has called for greater transparency in how prices are set in its “Summary of Medicines Plan”. Health minister Edith Schippers furthermore argued that it was unfair that pharmaceutical companies knew the prices of their drugs in 28 EU Member States, but that health ministers could not exchange such information. The European Commission has recently published a study “Enhanced cross-country collaboration in the area of pharmaceutical product pricing” and is also in the process of developing, together with Member States, the EURIPID pricing database to help exchange information in the context of the Transparency Directive.
Wednesday, 2 December 2015 at 18:30 hrs
127th Board Meeting of the Kangaroo Group
Open to all Members of the Kangaroo Group
We will use this opportunity to discuss Goals and Projects
of the Kangaroo Group for 2016
Brussels Debate, Wednesday, 11 November 2015 from 13:00 until 14:30 hrs - European Parliament Brussels
"5G - The next Generation of Mobile Networks will revolutionize our Communications"
Lauri OKSANEN, Vice-President Research and Technology, NOKIA (Head of Nokia Networks R&D)
Pilar DEL CASTILLO VERA MEP, Member of the Committee on Industry, Research and Energy
Paul RÜBIG MEP, Member of the Committee on Budgets and Committee on Industry, Research and Energy
BRUSSELS LUNCH DEBATE - ENERGY DEBATE
Tuesday, 14 July 2015 from 13:00 until 14:30 hrs
“The Energy Union – Keeping Europe Competitive”
Miguel ARIAS CANETE, Commissioner for Climate Action and Energy
Ian DUNCAN MEP, Member of the Committee on Environment, Public Health and Food Safety
Ana GOMES MEP, Member of the Committee on Civil Liberties, Justice and Home Affairs
Emmanuel HATON, Director European Government Affairs, BP
Other speakers to be confirmed
Evening Debate and Reception
Tuesday, 21 April 2015 from 17:00 until 20:30 hrs
"The EU and Japan: A New Stage in Partnerships"
Opening Speech by H.E. Keiichi Katakami, Ambassador from the Mission of Japan to the EU
Wednesday, 10 December 2014 from 8:00 until 9:30 hrs
"Can Europe get along without importing energy?"
Yvonne STAUSBØLL, Secretary General of UPEI
Hubertus BARDT, Economic Institute Köln, author of the study "Does Dependency equal Vulnerability?"
Mechthild WOERSDOERFER, Director, DG Energy
Claude TURMES, MEP, Member of the Committee on Industry, Research and Energy
Wednesday, 24 September 2014 from 8:00 until 9:30 hrs
"Towards a new Industrial Policy on Life Sciences: External Reference Pricing - Remedy for Strained Health Budgets or Barrier of Innovation?"
Sören BO CHRISTIANSEN, Senior Vice-President Europe & Canada, MSD
Gwenole COZIGOU, Director, DG Enterprise
Dermot GLYNN, Europe Economics, Author of the Study "External Reference Pricing"
Ri DE RIDDER, Deputy Director, Belgian Pricing Reimbursment Agency, INAMI
Achim KAUTZ, Policy Director, European Liver Patients Association, ELPA
Tuesday, 23 September 2014 from 13:00 until 14:30 hrs
"Shaping the Future of Transport in Europe"
Olof Persson, CEO and President of the VOLVO Group
The Kangaroo Group aisbl
Rue Wiertz 11
tel: 0032 2 280 60 95
fax: 0032 2 280 07 84
Save the date
8th Lunch in Strasburg
Wednesday, 12 September 2018 at 13.15 hrs
The City could find it cold in “Canada”
Discussion paper from Kangaroo Group Member Graham Bishop
New Year media reports suggest the UK Government thinks the EU27 is bluffing when chief negotiator Barnier states that UK-based banks will lose their “passports” to do business in the EU27. Instead, DexEU Secretary Davis has called for a “Canada plus plus plus” trade deal – implying that financial services will not find themselves at a disadvantage.
Euro “clearing”: Liability and Location
Discussion paper from Kangaroo Group Member Graham Bishop
"The key interest rate contracts cleared in the UK are more than 50 times UK GDP, and 10 times the Eurozone’s GDP. Put starkly: €117 trillion of euro derivatives may have to be supported by liquidity based on the ECB’s €0.011 trillion capital and that of National Central Banks."
read whole artice below
Euro “clearing”: Liability and Location
16 January 2017
This issue of `clearing’ is likely to come to a head quickly once Article 50 Notice of `intention to leave’ is served by the UK - as a direct consequence of the G20 commitment to ensure there are no more taxpayer-funded bailouts of EU financial institutions. Post Brexit, Eurozone Member States are likely to be very concerned about capital market activities denominated in euro that – in a crisis – could create liabilities for their taxpayers. At that stage, UK-based financial firms will not be subject to EU law and therefore outside the ECB’s ability to enforce any necessary managerial change – unless the UK agrees to surrender control to EU institutions.
However, it is very disturbing to an outsider that, eight years after the Lehman crash, there are still good grounds for concern in a systemic crisis– especially flowing from the “clearing” of euro:
ESMA 2016 stress test “A CM defaulting in one CCP would also be considered to be in default in all CCPs, in which it is a member, leading to more than 25 CM defaulting EU-wide…”
The Commission’s December 2016 CCP Resolution Proposal “No Member State has yet developed a full national regime for CCP recovery and resolution which fully complies with the G20-endorsed FSB principles, including as regards the need for effective coordination and oversight against cross-border spill-overs.”
The magnitude of the risks are extraordinary: The key interest rate contracts cleared in the UK are more than 50 times UK GDP, and 10 times the Eurozone’s GDP. Put starkly: €117 trillion of euro derivatives may have to be supported by liquidity based on the ECB’s €0.011 trillion capital and that of National Central Banks. Any resultant credit losses would be a major political concern for Eurozone taxpayers, governments and Parliaments.
Does the EU27/ECB need to “do” anything further about Brexit? The ECB’s post-Brexit re-statement of its “oversight policy” provides a powerful analysis – implicitly - of the post-Brexit situation when it would have no powers to “induce change” in critical offshore financial market infrastructures. Once the Article 50 Notice has been served, all UK firms will be fully aware that their “EEA Authorisation” will expire at the moment of Brexit so they will need to make their own plans to continue their EU business.
The working assumption must be that the UK will not be a part of the European Economic Area (EEA) so any bespoke arrangement (normally taking the form of a Treaty) may require significant adjustment to many EU Directives and Regulations. The much-discussed “transitional arrangements” for UK firms might not be “in force” before 2023, given the necessary legislative processes. As risk-averse clients recognise the new risks, they may exercise their freedom to move their derivative positions to CCPs in a market where they can have a high degree of confidence that the ECB would supply liquidity in a crisis.
A major loss of derivatives business could worsen the UK’s balance of payments deficit by a third from its current record deficit - even at modest profitability levels for the derivative book. Parliament should require the BoE to analyse and publish the balance of payments implications in detail.
Eurocorps as a pilot project for the European Defence Union
Discussion Paper on the basis of a meeting of the Kangaroo Group with General Ramirez
The decision of the United Kingdom to leave the European Union makes it necessary to rethink the European Union from the beginning. We have to ask ourselves what the citizens really expect from the European Union. In the past seventy years the European Union has made a major contribution to the security and prosperity of the European nations.
Future of the Eurocorps
At a meeting with members of the Eurocorps in Strasbourg Karl von Wogau, Secretary General of the Kangaroo Group and Honorary Member of the European Parliament, stated that the Eurocorps should be moved into the center of the Common Security and Defence Policy. It should become the Preferred Headquarter of the European Union. Moreover its five framework nations France, Germany, Spain, Belgium and Luxembourg should take the decision to put the Eurocorps at the permanent disposal of the European Union.
In the present discussion about Monetary and Political Union the opinion is often heard that a Political Union consists in total harmonization. But this is certainly not what we want to achive. The strength of Europe is its variety and the peaceful competition between its Member States. On the contrary the hard core of a Political Union is a common foreign and defence policy. ...
The Role of the Multinational Corps
The European Council in June has not been very encouraging for those who believe in the necessity of an autonomous Security and Defence Policy of the European Union. Public attention was taken by the problems of Greece and the drama of the refugees in the Mediterranean. The discussion about Security and Defence took only a very short time.
Europe War and Peace
The author looks at general rules for peace preservation from Kant, Fukuyama, Einstein and Freud as well as Henry Kissinger and tries to draw conclusions for the present security situation of Europe. The presentation was in October 2015.
Monetary Union and Political Union
The author refers to Jean-Claude Juncker and Angela Merckel who have requested the creation of a European Army. He claims that the hard core of a Political Union is a common foreign and defence policy. He criticizes .......