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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.
On 14 July 2015, the Council issued recommendations and opinions on economic, employment and fiscal policies planned by the member states.
It also issued a recommendation on the economic policies of the euro area, and explanations in cases where the texts do not correspond with those proposed by the Commission.
The Council thereby formally concluded the 2015 'European Semester', an annual policy monitoring process, after the European Council endorsed the recommendations at its meeting in June.
Priorities for the European Semester were established in March 2015, when the European Council endorsed the following priorities:
Monitoring member state policies
The European Semester involves simultaneous monitoring of member states' economic and fiscal policies during a six-month period every year.
In the light of policy guidance given by the European Council annually in March, the member states present each year in April:
The Council then approves country-specific recommendations and opinions (CSRs) for endorsement by the European Council. It provides explanations in cases where the recommendations do not correspond with those proposed by the Commission.
The 2015 CSRs are addressed to 26 of the EU's 28 member states and to the euro area as a whole. To avoid duplication there are no CSRs for Cyprus and Greece, as they were both subject to macroeconomic adjustment programmes when the texts were drafted.
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