Financial Innovation Standing Committee

Anneli Tuominen

CHAIR:  Anneli Tuominen, Director General of the Finnish Finanassivallvonta

RAPPORTEUR: Patrick Armstrong

 

ESMA’s Financial Innovation Standing Committee (‘FISC’) coordinates the national supervisory authorities’ treatment and response to new or innovative financial activities and provides advice to ESMA to when to act.   In monitoring financial activities, FISC may advise ESMA to adopt guidelines and recommendations with the aim of promoting regulatory convergence, to issue alerts and warning or conduct any regulatory action needed to prevent financial innovation from causing customer detriment or threatening financial stability.  As part of its activities, FISC also collects, analyzes and reports on investor trends. 
While aware of when localized financial innovation issues are best addressed by a national authority, when those issues are more widely shared, FISC may make proposals for the co-ordination of national responses. 

FISC also contributes to the Joint Committee of European Supervisory Authorities’ work on financial activities, financial innovation and consumer related issues (through the JC Sub-committee on Consumer Protection).

Any correspondence regarding the work of this Standing Committee should be sent to the Rapporteur.

Members of the FISC consultative working group

Peter Tufano Dean, Oxford University, Said Business School
Noël F. Amenc Professor of Finance, EDHEC
Adrian Blundell-Wignall Special Advisor to the OECD Secretary General on Financial Markets, Deputy Director of the Directorate of Financial and Enterprise Affairs, OECD
Dr Luis Correia da Silva Managing Director, Oxera
Christophe Perignon Professor of Finance, HEC
John Patrick Flannery Chief Operating Officer and Director of Sustainable Investment Strategies at Meister Consultants Group, Inc., Meister Consulting Group, IFOK
Chris Woods Head of Policy, Governance, New Products, FTSE
Charles-Albert Lehalle Capital Fund Management
Susanne Van Dootingh Global Head of Product Development, SSgA
Pierre-ignace Bernard Leader of McKinsey Asset Management practice for Europe, McKinsey
Guido Bichisao Head of Financial Engineering and Advisory Services, European Investment Bank
Manooj Mistry Head of Exchange Traded Products EMEA, Deutche Bank
Mick MCATEER Director, The Financial Inclusion Centre
Thierry Philipponnat Secretary General, Finance Watch
Christian Vollmuth Managing Director, German Derivatives Association
Bjorn Sibbern NASDAQ OMX, President
Laurent Deborde Caisse des Dépôts, Head of investment management
Daniel Waters ICI global, Managing Director
Antti Parviainen Director, Head of investment products, Nordea