Keep Calm and Carry On: Financial Integration in Progress (By invitation only)
Tuesday, December 6, 2016 / 3:45 pm - 4:45 pm
Claude Lopez, Director, International Finance and Capital Markets Research, Milken Institute
European companies still rely far more heavily on bank lending than their U.S. peers. While Europe's high-yield bond sector is growing rapidly, it is only 35 percent as large as the U.S. market relative to GDP. Similarly, in alternative lending, leveraged loans are just one-fifth and venture capital only one-eighth of the size of the U.S. markets. This invitation-only roundtable will provide an important opportunity for key European policymakers, regulators and executives from banks, asset management firms and insurance companies to interact directly in a private setting. Participants will be able to discuss necessary measures to facilitate EU financial integration and provide access to a diversified source of funding. The session will cover topics such as the banking union, development of a common (sovereign) bond market and to a broader extent, capital market integration and the role of the UK.