Source: European Central Bank (video statements)
This panel examines various forms of cross-border interaction between legal systems, including extraterritorial inspections, mutual recognition of administrative decisions, and regulatory equivalence. It will explore how the EU can develop effective legal tools to counteract the unwarranted extraterritorial reach of third-country laws while ensuring the enforcement of its own rules.
Particular attention will be given to banking supervision, such as when third-country authorities intervene with EU-based institutions or the ECB conducts inspections abroad. The panel will also consider the EMIR regime for central counterparties and the recognition of decisions in crisis management. The panel will examine whether such interactions are still viable in the current environment or if a new paradigm is emerging in which the effects of decisions made in one jurisdiction are actively blocked in others.
Panellists:
• Matthias Lehmann, Professor, University of Vienna
• Maria Raffaella Assetta, Head of International Affairs Unit (FISMA), European Commission
• George Johnston, Deputy General Counsel, Bank of England
Chair: Piet Eeckhout, Professor of European Law, University College London
Watch other sessions from the 2025 ECB Legal Conference “Building Europe’s Autonomy: Law, Institutions, Cooperation”: https://www.youtube.com/playlist?list=PLnVAEZuF9FZm3BYRQdFyj1vvCrJfZ-mrM
See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250901_7th_ECB_legal_conference.de.html