This week's podcast highlights four main issues: the ongoing European Council meeting, Brexit, Consumer Finance Green Paper, and Continuing Professional Development.
Graham Bishop and Nick Crosby of Cambre Associates discuss four key issues in this week's podcast:
European Council meeting: members have several important issues on the agenda, but Brexit and completing the Economic and Monetary Union are drawing all the attention. Commissioner Juncker said the euro is a political project which requires political supervision: Mr Juncker wants the Commission to make a tighter bond with the European Parliament.
Brexit: former UK PM John Major told the BBC that a Brexit would leave Britain in dangerous 'splendid isolation'. And it could also entail heavy loses, according to a study by Vox EU that says EU membership has brought benefits to the UK through three key mechanisms – trade, foreign investment, and finance, - quitting the EU may have a severe impact on the UK's GDP. David Cameron may need a high dose of persuasion if he is to convince the EU to achieve the reforms he asked to; if he fails to secure an agreement on the two most important issues, the support for remaining in the EU is likely to drop considerably, according to a Open Europe/ComRes poll.
Commission's Green Paper on Consumer Finance: Commissioner Hill launched the long-awaited Consumer's Green Paper. EFAMA and ECRI commented on this. Jonathan Hill also delivered a speech on the impact of the CRR and CRD IV on bank financing of the economy.
116th Brussels for Breakfast: after this monthly debate on the hot topics of EU news at the BBA, Graham went to a half-hour lively discussion at the Chartered Institute of Securities and Investment (CISI) which is now available for Friends.
© Graham Bishop
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