EUCO fails to agree on the Recovery Package – as expected…; CRR “quick fix” completes all legislative stages in just 9 weeks from conception; CMU High Level Forum; Brexit - extension dies in 5 days.    
      
    
    
      
	 
	Progress on the Recovery Package/Next Generation
	Germany/ECB  defusing the battle with Karlsruhe
	CRR `quick fix’ – remarkable progress but tightly focussed!
	CMU: High Level Forum report
	Comepetition policy: LSE/Refinitiv example
	The issue of NPLs and capital adequacy remains a high priority – hence the CRR changes
	Non-Financial Reporting Directive (NFRD): lots of responses to the consultation and it is clearly becoming a major instrument to push sustainability amongst corporations.
	Brexit: the topic probably cannot be avoided! Five days until the extension deadline expires and no realistic prospect of extension thereafter…
	
	(full notes shortly)
      
      
      
      
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