Crowd Dialog Europe 17 - the European Crowd experts united in knowledge in Athens at 21st Sep
This year on Sep 21st Greece and the city of Athens will be the epicentre for the future of
work, open innovation and alternative financing models. In partnership with the European
Commission, the National Bank of Greece and the New York Times Democracy Forum,
Europe’s top-level Crowd-X summit will gather politicians, practitioners and experts from
academia from all 28 EU member states to unite in diversity and knowledge.
Crowd Dialog Europe is an annual full-day non-profit event being curated by all major
European CrowdSourcing and CrowdFunding associations, with an audience of around 450
high level delegates.
The Crowd Dialog is a unique event and opportunity for the selected hosting country and city
to connect innovation and future insights. Premiering 2015 in Helsinki, Finland and opened
by the Estonian Prime Minister Taavi Rõivas, 2016 the Crowd Dialog Europe visited Graz,
Austria keynoted by EU commissioner Günther Oettinger. This year, the beautiful city of
Athens, Greece will be the hosting city for Europe´s leading gathering of great minds to
discuss crowd-based disruption as well as the present and future effects on businesses, states
and its people.
We are proud to request your presence and cooperation for Crowd Dialog Europe to present
Athens to all delegates in the best way possible.
With top-level experts and Country Patrons from all 28 EU member states our main focus is
to unite bright minds to give inspiring talks and discussions that are idea-focused and on a
wide range of subjects that reflect crowd-based disruption. Stakeholder from all European
member states represented by dedicated Country Patrons and delegations will gather in
Athens to foster learning, inspiration and wonder – and provoke conversations that matter.
This years motto „The Next Next has the goal to discuss a wide range of subjects that reflect
crowd-based disruption, to foster learning, inspiration and wonder - and follow an intriguing
and energetic flow of inspiration.
Obstacles to cross-border investing: Capital Market Union mid-term review promises rules and support for Crowdfunding and FinTech
As part of our ongoing work to help shape the Capital Market Union, on which the European Commission published its most welcome Mid-term review of the capital markets union action plan, ECN engaged with regulatory authorities and policy makers around Europe, we hosted an expert panel in Brussels on the 21st of June 2017, where various equity (securities) and online lending platforms, together with other relevant stakeholders from the ecosystem, including customer protection advocates and the European Commission, discussed key barriers for cross border transactions.
The panel was held to evaluate the effectiveness and degree of convergence of national regulatory frameworks, convergence, sharing of best practice and investor protection aspects. There were two main themes: operational obstacles to cross-border activity and consumer protection. It is interesting to note how, despite having different business models, the groups voiced several similar barriers to the growth of their businesses in Europe.
Heterogeneity of national regulations. Different national legal frameworks, as well as local fiscal regimes, are said to making international expansion difficult: legal compliance with each country’s rules is costly and burdensome. Additionally, room for interpretation within European directives and laws at Member State level creates further levels of complexity to those trying to operate cross-border.
Knowledge and understanding. The aspects pointed out here were twofold: on the one hand, a lack of knowledge of alterative finance business models among the national regulators was highlighted, which creates uncertainty (lack of appropriate rules) or hinders the professional development of the market (detrimental rules). On the other hand, the participants reported perceived limitations in financial literacy, the understanding of finance, among European citizens, which restricts the choice of adequate services offerings and is limiting the engagement of consumers.
Best practices and industry’s standards. Differences on Member State level in know-your-customer rules, data disclosure, due diligence and measurements of returns are posing relevant challenges to the sector in terms of standardisation and transparency. Addressing these elements will be crucial to gain more trust from the public and develop crowdfunding further