On 21 October 2014, DLA Piper UK LLP and the ILF hosted a conference on Campus Westend of Goethe University Frankfurt am Main with leading industry experts including speakers from the ECB and NCAs. The conference presented the regulatory, legal and academic views of the impact and organizational requirements so as to be compliant with the new supervisory mechanism. The European Central Bank (ECB) is preparing to take on new supervision tasks of Significant Supervised Entities as part of the Single Supervisory Mechanism (SSM).
Dr. Mathias Hanten, M.B.L. - HSG (St. Gallen), Partner, DLA Piper UK LLP and Member of the ILF Donors' Committee, opened the conference and greeted 80 guests and speakers, including students of the ILF's LL.M. Finance programs.
The ECB's view on the new regulatory system and important issues were presented by Dr. Alexander Karpf, LL.M., Adviser Supervisory Law Division, ECB. Prof. Dr. Dirk Zetzsche, Professor of Law, Propter Homines Chair for Banking and Securities Law, Institute for Financial Services, University of Liechtenstein; Director, Center for Business & Corporate Law, Heinrich Heine-University Düsseldorf, gave an overview ofr the upcoming supervisory organization and tasks from the viewpoint of an academic. The Swiss view was presented by Dr. Hans Kuhn, LL. M. (New Orleans), Attorney-at-Law, Schellenberg & Wittmer, Zürich (former General Counsel SNB). Dr. Mathias Hanten provided the viewpoint of an attorney. Finally, Dirk Auerbach, CPA and Tax Consultant, KPMG, explained the auditor's view. During and after the presentations, the participants were also able to raise questions and state their viewpoints on the issues discussed.
