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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.
French President Emmanuel Macron outlined his priorities for the future of the European Union on Thursday in an almost two-hour stump speech with about six weeks to go until the European election in June.
The marathon address at Sorbonne University in Paris covered everything from the recent farmer protests to financial regulation.
Here's what you need to know:
Macron wants Europe to become the global leader by 2030 in five sectors: artificial intelligence, quantum computing, the space industry, biotechnology, and new forms of clean energy such as hydrogen and nuclear fusion.
A vaste programme, some might say.
Accordingly, the French president has called for a "public investment shock" and to "double Europe's financial capacity," also by making greater use of the EU's own revenue sources such as levies from the carbon adjustment mechanism.
Since public money won't be enough, Macron also urged progress on the capital markets union (CMU), a decade-old plan to build a single market for capital, taking advantage of the bloc’s combined economic strength. He said the EU should give itself no more than one year to unlock that file.
"We have been promising this for too many years," Macron said.
The CMU is struggling to see the light of day as a dozen countries are pushing against tougher and more centralized supervision of capital markets in the hands of ESMA, the EU markets watchdog.
France, however, is determined to move forward with a smaller group of like-minded countries to bypass opposition from smaller nations.
“Every year our savings … go to finance the Americans, or in any case the non-Europeans … it is an aberration,” Macron said, stressing that EU capital markets should become more attractive.
The EU should favor local companies over foreign rivals when it comes to public financial support in strategic sectors like defense and space, Macron said.
The French president has historically been reluctant to use EU cash to buy foreign weaponry, including within the framework of the European Peace Facility, an off-budget fund that reimburses capitals for the military kit sent to Kyiv in its war against Russia.
Macron said that the EU should follow the United States and China's examples and prioritize European companies.
"Who saw the American defense or energy department financing a European emergent actor?" he said.
The French president proposed to enshrine a "European preference" principle in EU treaties, but didn't elaborate on whether that would also mean favoring European companies in public tenders, something France has advocated.
He said the EU's competition rulebook should be relaxed to pave the way for so-called European champions, a long-standing goal for France and Germany....
more at POLITICO
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