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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.
The proposal sets out to reduce one of the main regulatory hurdles that companies face when issuing equity and debt securities.
It is intended to simplify administrative obligations related to the publication of prospectuses in a manner that still ensures that investors are well informed.
"This regulation will help companies gain access to European capital markets by alleviating them of some of the administrative formalities. Our aim in doing so is to reinforce the role of market-based finance, alongside bank finance, in the European economy."
Peter Kažimír, Slovak minister for finance and president of the Council
The draft regulation is a key element of the EU's plan to develop a fully functioning capital markets union by the end of 2019. It is also one of the measures aimed at improving thebusiness environment set out under the EU's 'investment plan for Europe'.
Prospectuses present information about a company that enables investors to decide whether to purchase securities issued or offered by that company. The law requires their publication when securities are offered to the public or admitted to trading. However SMEs in particular can be deterred from issuing or offering securities because of the paperwork and costs involved.
The agreement will be submitted within a few days to the Permanent Representatives Committee for endorsement on behalf of the Council. The Parliament and the Council will then be called on to adopt the regulation at first reading.
Full press release
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