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EMEA participation at the Sovereign Debt meeting of the Financial Markets Law Committee (FMLC)

EMEA participation at the Sovereign Debt meeting of the Financial Markets Law Committee (FMLC)

Prof. Rym Ayadi, Professor at The Business School (formerly Cass) and President of EMEA, and Prof. Emilios Avgouleas, Chair International Banking Law and Finance, University of Edinburgh, member of the Sovereign Debt Group of FMLC, and member of EMEA Advisory Board, were invited at the Sovereign Debt Scoping Forum of the Financial Markets Law Committee (FMLC). The meeting took place online on 01 December 2020.

The discussion kicked off with a presentation by Prof. Ayadi of her joint paper with Prof. Avgouleas “Time to Implement a Tech-Driven Sovereign Debt Transparency Initiative: Concept, Design, and Policy Actions” which was published by the G20. Then Profs. Avgouleas & Ayadi led the ensuing discussion and explained to the high-level participants the feasibility and importance of their proposals

The role of the Financial Markets Law Committee (“FMLC”) is to identify issues of legal uncertainty or misunderstanding, present and future, in the financial markets which might give rise to material risks and to consider how such issues should be addressed. The Sovereign Debt Group comprises the leading sovereign debt experts from the top City and Wall Street Law firms, academic experts of note and policy-makers.

Link to G20 Insights: Time to implement a tech-driven sovereign debt transparency initiative: Concept, design, and policy actions

Link to CEPS article: Time for a tech-driven platform to boost global debt transparency