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Graham Bishop is renowned for his vision and the courage to propose radical ideas, yet ground them in a mastery of the technical details of the financial system. He has been referred to as a one-man think tank.
European Commission: His influence at the meeting point of politics, economics and finance has been recognised on many occasions - most recently when the European Commission asked him to study the attitudes of investors toward the euro area sovereign bond markets. In particular, he explored attitudes towards the potential for a “common euro area safe asset”: what characteristics should it possess and whether it would ameliorate any of the concerns expressed about the features of existing bond markets.
Graham's many pro bono activities illuminate and reinforce his Consultancy Services. His deep knowledge of Europe’s financial system is integrated with his understanding of EU economic and budgetary policy-making – whilst set within the necessary framework of democratic accountability.
He was a member of the Commission's Consultative Group on the Impact of the Euro on Capital Markets; of the Commission's Strategy Group on Financial Services; and of the Committee of Independent Experts on the preparation of the changeover to the single currency (1994/5).
This Website, as well as Graham's Consultancy Service, is designed to bring clients the direct insights that flow from Graham’s position as a leading technical analyst of economic and structural developments in the financial markets of Europe.
"Institutional investors and major financial firms now face a huge commercial challenge in Europe. The vision of political integration has entered a critical phase: ...."
"..analysis of obscure bureaucratic manoeuvrings towards fiscal union, labour mobility and tax co-ordination etc. is quite outside the comfort zone of many..."
"It is now entirely foreseeable that governments may make potentially far-reaching changes that would impact the valuation of European financial assets, as well as reforming the nature of the regulations governing key parts of the financial sector’s business".
"..So the consequences of this crisis will be historic – and will reverberate around global financial markets. The stakes for participants in European financial markets could not be higher.."
Consultancy services can take many forms: face-to-face meetings, telephone discussions, written comments, speeches, special articles, customised research projects, etc.
Reactions continue to the Commission’s “Next Generation” recovery plan and the MFF budget plan. IF it all comes to pass, then as CEPS put it, a “fundamental taboo” will have been broken. EURACTIV reports that the Commission will surely follow a very different set of economic policies than the old “troika” days. So it may be a defining moment for economic policies. We could be at a corresponding moment for monetary policy. Bruegel published a critique of the German Constitutional Court “ECB decision” by a group of leading German economists that picks many holes in the Court’s economic understanding. A Treaty revision may yet put an end to national judiciaries effectively undermining the economics of the euro – the heart of the European project.
Meanwhile, Commission/Council/Parliament are rushing to finalise the “CRR quick fix” so it can be formal law by end-June so that it is applied to 2 Q bank reporting. 210 days to go to the end of the Brexit transition and the door to further discussions remains open – just. The House of Lords pithily pointed out the Northern Irish contradiction agreed by Prime Minister Johnson – and time is running out.
Graham Bishop
General Financial Policy
Banking Union
Financial Institutions
Capital Markets Union
Brexit
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