About the event

The background for this event is that the financial sector is currently subject to around 16,000 pages of EU regulation, in addition to national legislation. This extensive regulatory burden contributes to a reduced level of competitiveness—particularly in comparison with the United States and China. As a result, there is growing recognition among policymakers that change is both central and necessary.

The Nordic financial supervisory authorities have also expressed concern about the volume of regulation, and a certain degree of regulatory simplification is envisaged. At the same time, pressure from the financial sector is increasing, calling for deregulation and changes to capital requirements.

Against this backdrop, the conference will focus on the financial and regulatory challenges facing Denmark, the Nordic countries, and the EU. These challenges include declining competitiveness, the need to finance the green transition, security policy concerns, and a non-functioning Capital Markets Union.

The main objective of the conference is to discuss and identify areas where regulatory simplification will be needed in the coming years. The purpose of the conference, “Rule Simplification and Competitiveness in the Financial Sector: Where Should We Go?”, is therefore to explore the policy and regulatory changes required at the Danish level, as well as how to ensure a robust financial sector going forward. Relevant research findings will be presented, and particular attention will be given to the EU level, where the majority of financial legislation originates.

Confirmed speakers: 

• Louise Mogensen, Director General of the Danish Financial Supervisory Authority
• Prof. Nina Dietz Legind, Chairman of the Board of Directors of the Danish Financial Supervisory Authority
• Nikolaj Kosakewitsch, CEO, Nasdaq Copenhagen
• Prof. Jesper Rangvid, CBS
• Signe Krogstrup, Governor, Danmarks Nationalbank
• Lars Gert Lose, CEO of Finance Denmark
• Morten Baltzersen, former Director General of the Financial Supervisory Authority of Norway
• And more to be confirmed

The event will focus on these tracks: 

1. Rule simplification - which, how and why?
2. Wishes for change – what do the Danish Financial Supervisory Authority, the financial sector, the employees and Danmarks National bank want?
3. Robustness – which model should be used in the future and what requirements should be set?
4. Nordic co-operation in the EU – is a single Nordic voice the best way to bring about change in the EU? What adjustments must be made in e.g. The Single Rulebook and Level Playing Field to achieve the desired results?

Link to programme will follow!

This free event is organized with support from the project Nordic Finance and the Good Society.