Mr Cedric Pacheco has engaged in extensive lobbying activities to promote UK financial market interests within EU policymaking circles. These activities include:
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Meetings with EU Politicians and Regulators: Mr Pacheco has participated in numerous dialogues with European Commission officials, members of the European Parliament, and supervisory authorities to influence legislation on capital markets, banking, and sustainable finance. These meetings focus on shaping proposals such as the Capital Markets Union, MiFID II/MiFIR review, Sustainable Finance Action Plan, and Banking Union reforms.
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Advocacy on Sustainable Finance and Climate Policies: In 2023 and 2024, Mr Pacheco, representing AFME, engaged with European Supervisory Authorities and the European Commission to advocate for balanced sustainable finance regulations. He emphasized the need for regulation that facilitates green investments without hindering UK market competitiveness. This included pushing for delayed implementation timelines and less prescriptive disclosure standards in the EU Taxonomy Regulation and European Sustainability Reporting Standards (ESRS).
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Influencing EU-UK Financial Market Connectivity: Mr Pacheco has been active in discussions aimed at ensuring regulatory coherence between the UK and EU post-Brexit. His lobbying supports frameworks that maintain open and competitive financial markets, reducing barriers and avoiding regulatory fragmentation that could disadvantage UK firms.
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Participation in Industry Working Groups and Committees: Through AFME’s member-led committees, Mr Pacheco contributes to developing position papers, policy recommendations, and best practices that inform EU and UK legislative processes. These efforts have influenced outcomes such as the cautious approach to transition finance regulation and the emphasis on market-based funding mechanisms.
These activities have contributed to shaping EU financial regulations to be more accommodating of UK market realities, preserving London’s status as a global financial center while supporting integrated European capital markets