“CREDIBLE, GROWING AND OPEN EUROPE”- LITHUANIAN AMBASSADOR PRESENTED THE KEY PRIORITIES IN THE FINANCIAL SERVICES SECTOR TO THE CITY OF LONDON.
On 23rd May 2013, Ambassador of Lithuania Asta Skaisgirytė Liauškienė participated in the Seminar organised by “TheCityUK”. The topic of the discussions was “The UK in the EU and the EU in the World – what future for financial services?” chaired by John Thornhill, Deputy Editor of the Financial Times.
The panellists included Baroness Kramer, Parliamentary Commission on Banking Standards member, David Ruffley MP, Treasury Select Committee member, Ludovic de Montille, UK Chairman, BNP Paribas Group, Graham Bishop, Advisor, European Financial Affairs and Chris Cummings, Chief Executive of TheCityUK. The Italian perspective was delivered by Pasquale Terracciano, the Italian Ambassador to the UK.
The need to strengthen economic and financial stability of the euro area and the EU as a whole and the vital importance to maintain the momentum and implement political agreements that reflect the interests of all member states and EU citizens were discussed. Further, the focus of the Lithuanian EU Presidency was presented around the three main themes: Credible, Growing and Open Europe. Special emphasis was placed on the issues of trust, growth, integration and the competitiveness of the EU globally.
Ambassador highlighted the financial services agenda, “…which will remain intense with a lot of key dossiers on the table possibly being in trilogies’ stages”, said the Ambassador. She further focused on the priorities in this area, including the Banking Union, Deposit Guarantee Schemes (DGS), Directive and Recovery and Resolution Directive (RRD): “Lithuania will focus on negotiations on Single Resolution Mechanism and Bank Recovery and Resolution Directive”. Further negotiations on Omnibus II file and building on the progress achieved during the Irish Presidency in the discussions on Review of Markets in Financial instruments Directive (MiFID/MiFIR), as well as Central Securities Depositaries Regulation, was also highlighted. Lastly, Ambassador confirmed Lithuania’s commitment to work on anti-money laundering (AML) files, especially having in mind international commitments.
