The chamber welcomed Jakob von Weizsäcker, S&D MEP, at this lunch briefing to speak about the current priorities of the European Parliament Committee on Economic and Monetary Affairs.
This briefing tackled many important topics and gave our members valuable updates on and insights into the dossiers the committee is working on. The discussion first focused on Brexit and its impact on some files – for example there is sometimes too big an emphasis on Brexit, meaning other issues, such as the matter of creating a robust European system of financial supervision, naturally get overlooked. The diverse consequences of Brexit on the EU were also touched upon during the briefing. For instance, there will be a big migration of financial activities from London to Europe after the UK leaves Europe, which is something the EU should be prepared for.
Our members and Mr von Weizsäcker touched upon a great variety of topics during the Q&A session. The questions ranged from the EU enlargement, specifically from central European countries, to the difficulty of implementing the Financial Transaction Tax (FTT) for European countries. The priorities of the ECON committee include elements of banking union and capital markets union. The files that need to be concluded before next term were also discussed, as well as those that won’t get decided by the end of the mandate, such as the Sovereign bond-backed securities (SBBS).
Julian Jacobitz, Associate Director at Hering Schuppener and Vice-Chair of our Investment & Growth Task Force at the chamber, shared his thoughts with us after the event: “Another excellent exchange with a top financial policymaker from the European Parliament at the British Chamber. The insights and reflections of a seasoned speaker like Jakob von Weizsäcker are very valuable as they provide food for thought, and useful policy and political intelligence which is the backbone of our work. Looking forward to the next event!”
MEP - SD - DE | European Parliament
Jakob von Weizsäcker is a Member of the European Parliament for Thuringia, Germany. In 2014, he was elected to the European Parliament for the social democrats. He is a member of the Committee on Economic and Monetary Affairs and of the Delegation for the Relations with India. He headed the department for economic policy and tourism at the Thuringian Ministry for Economic Affairs from 2010 to 2014. From 2005-2010, he was a resident fellow at Bruegel in Brussels. During 2002-2005 he worked for the World Bank in Washington DC. After graduation, he held a number of research positions and briefly worked for a venture capital fund. In 2001, he joined the Federal Economics Ministry in Berlin. Born in 1970, he was educated in Germany, the UK and France, graduating with degrees in physics and economics.