Brussels 4 Breakfast no167: with Karel Lanoo of CEPS

22 October 2020

CSFI Zoom video of my discussion with Karel


Brussels Review, with Graham Bishop (grahambishop.com) and Karel Lannoo (CEPS)
CLICK HERE TO WATCH

 Why you should watch:

 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.

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My choice of key topics for us to discuss

(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


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