Brussels for Breakfast (144)

Held on Tuesday, November 27, 2018

With support from the Chartered Institute for Securities & Investment


  • Graham Bishop

  • Hans Hack (FTI Consulting)



As of today (November 8), it seems less likely that we will have signed off on the long-planned ‘Brexit’ Withdrawal Bill by the time we next meet with our old friend Graham Bishop for breakfast. But things change quickly, and it may well be that the extraordinary Summit that we have been promised may well take place as scheduled.

Who knows? (And, in some quarters at least, who cares?) Even without the brooding presence of ‘Brexit’, there is only three months left to run on the current mandate and a crowded legislative agenda. And then there’s:

  • the latest EBA stress tests of the EU’s top 48 banks;

  • the ECB’s nomination of Andrea Enria to take over from Danièle Nouy at the SSM;

  • the almost certain nomination of Manfred Weber as the Parliament’s EPP spitzenkandidat to replace Juncker;

  • the continuing reluctance of the Italian government to bow the knee to Brussels on its budget proposals;

  • new evidence of backsliding by Greece on the terms of its bailout;

  • the continuing problems caused by MIFIDII on market liquidity and independent research;

  • growing pressure for a ‘European’ solution to the digital tax issue; and

  • the latest efforts to boost the international role of the euro – linked, this time, to US sanctions on Iran.

That’s just an amuse-bouche. I am sure Graham has a lot more up his sleeve – as does his wing-man for this month. Hans Hack is an old friend – as well as being one of the best-connected interlocutors in the Brussels firmament. Dutch by birth, European by inclination, he was the Dutch financial attaché to the EU before joining FTI Consulting, where he is now a senior managing director and head of the firm’s financial services practice in Brussels. There are very few people as well plugged-in to the EU establishment as he is.

These are heady days for Europhiles and phobes alike. If you (or a colleague) would like to join us for what I am sure will be a lively discussion, please let us know by emailing or by calling the Centre on 0207 621 1056. As usual (thanks to the hospitality of our hosts at the CISI), there will be coffee, tea and buns.

Sincerely yours,

Andrew Hilton