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Topics included:
· Brexit: Foreign Secretary Hammond’s article in Politico that set out a four-point package for reform; YouGov polling on the potential electoral impact of a successful re-negotiation by Prime Minister Cameron; the launch by the House of Commons Treasury Committee of an Enquiry into the economic and financial costs and benefits of the UK’s membership of the EU
· Capital markets Union (CMU): General positive reactions from professional associations; but possible problems foreseen from the European Commission’s securitisation proposals.
· Financial supervision architecture: the ECB’s vision 2020 (T2S/T2 and collateral; supporting instant payments); BCBS Chair/ECB Governor Ingves: the post-crisis architecture is now clear; ECB President Draghi speaking to ECON on the Five Presidents Report.
Full article for consultancy clients here