|
|
It is not just Brexit. It is not even just the hooh-hah over share trading venues. There is a lot going on in Brussels that will have a big impact on the City - and a new Commissioner, Mairead McGuinness, to oversee it. On that score, one thing is clear: her priority will be the retail end of the business - something that didn't really get much of a look-in when the Commission unveiled its new CMU Action Plan. Other than that, there is a big push at the EU level on AML. There is also a lot to be said on Green taxonomy, on CBDC and on a new Digital Finance package. And, of course, a big push for an EU 'safe asset' thanks to the SURE programme and the Next Gen package. Two experts - one in the UK, one in Brussels - sort the wheat from the chaff.
Moderator: Andrew Hilton (Director, CSFI)
Panellists:
Graham Bishop is the founder of grahambishop.com, and a long time europhile. He is a former European bond analyst and a tireless advocate for a 'safe' euro asset.
Karel Lannoo is the chief executive of the Centre for European Policy Studies (CEPS) in Brussels. CEPS is the leading EU-orientated think-tank, doing important work holding the Brussels institutions to account.
______________________________________________________________________________
(selected from www.GrahamBishop.com)
Brexit: Stalemate in the negotiations, Internal Market Bill, Share trading in London
General: New Commissioner – McGuinness, EU as issuer in capital markets, and safe asset; Data Transfer – ECJ’s Schrems II
Banking: More discussion about NPLs possibly hitting €1.4 trillion, AML
Capital Markets: New CMU Action Plan – the fourth that Karel and I have seen… widespread support, MiFID quick fix and unbundling, ICMA discussion paper on declining liquidity in the bond market
ESG: Should IFRS develop sustainability standards Green bond standard
Fin Tech: ECB interest in issuing a digital currency, ECB steps to ensure reach of instant payments, Commission’ Digital Finance package