This is an HTML version of an attachment to the Freedom of Information request 'Meetings between Valdis Dombrovskis and Industry regarding the Sustainable Finance Package/Green Finance'.

Sent: Monday, October 16, 2017 12:17 AM 
Subject: VP's mission to D.C., read-outs from meetings 
1.  Meeting with 
 praised the cooperation with the new administration 
and the high quality of the Treasury report on capital 
markets. She thought this was a moderate report, pointing 
to areas where there would actually be a strengthening of 
the rules. She liked in particular the ideas put forward to 
take rogue traders out of the market. She was hopeful that 
cooperation between the SEC and CFTC would improve.  
She inquired about the approach we will be taking towards 
the review of Investment Firms, hoping that we would retain 
a balance sheet approach to classify firms in the various 
categories. The VP explained that we were likely to remain 
close to the EBA recommendations.  
She expressed worries about the role we propose for ESMA 
in relation to delegation arrangements. The VP explained the 
rationale behind this, noting that we were only envisaging a 
review and an opinion from ESMA and also that we were not 
specifically targeting the asset management industry. She 
took this opportunity to praise the high quality of fund 
supervision in Ireland and Luxembourg.  
She seemed cautious in relation to new policy measures in 
the field of sustainable finance. There was a need to have 
reliable and consistent references as to what were green 
investments. The risk was that fund managers would be 
faced with a lack of reliable data in order to respect ESG 
requirements. She added that such requirement would be 
very hard to meet in relation index funds. The VP outlined 
our preliminary ideas in this field.