Brussels for Breakfast (144)

Held on Tuesday, October 16, 2018

With support from the Chartered Institute for Securities & Investment


  • Graham Bishop

  • John Rega (MLex)



Last month, we got a taste of what Brussels has in store for us in the few months left to us pre-March 29. This month, I guess, we will take stock of how the Commission, Council and Parliament are doing putting their plans into practice.

Again, the intention (so far as it is feasible) is to eschew the political argy-bargy of ‘Brexit’ – though we obviously cannot ignore it altogether. Instead, we will try to focus on what the Brussels sausage machine has in store for the City of London whether we stay or go – or whether we adopt EU rules regardless. As usual, our guide is Graham Bishop (of, for whom no rule, Regulation or Directive is too trivial to worry about. This month (at a cursory glance), he will, I assume, worry about:

  • Commission President Juncker’s final State of the Union speech;

  • the EBA’s launch of its 2018 transparency exercise;

  • the US-UK regulatory working group;

  • the Commission’s ‘reflection paper’ on money laundering – which preceded the evolving scandal over Danske Bank’s Estonian operations;

  • proposals to regulate cryptocurrencies;

  • revived proposals for a Copyright Directive;

  • progress on establishing new financial benchmarks to replace LIBOR…

… and so on. Graham will (I am sure) have a lot more to talk about, and scare us with.

His wing-man this month is another old friend, John Rega, who is the chief financial services correspondent for MLex (based in Brussels – where he has spent the last 15 years, the first six of which were with Bloomberg). John launched MLex’s FS service in Europe, and is one of the best-connected journalists in Brussels.

That said, this is a caring-and-sharing experience, and all are welcome to bring their own insights to the table. If you (or a colleague) would like to join us, please let us know by emailing or by calling the Centre on 0207 621 1056. Thanks to our new hosts in the Walkie-Talkie, there will be lots of coffee, tea and sticky buns .

Sincerely yours,

Andrew Hilton