Brussels for Breakfast (107)
Hosted by the British Bankers' Association
February 17 2015
Graham Bishop (grahambishop.com)
John-Paul Dryden (Brunswick)
As always, there’s a lot going on. There’s Juncker’s first 100 days – what has he achieved? What has he missed? There’s a very good report from the House of Lords on the EU’s post-crisis regulatory framework. There’s the impact of the new Greek government’s proposals for lightening its debt load on the ECB, on the SSM and on the relationship between national central banks and the ECB. Plus there is the (imminent) arrival of Lord Hill’s Green Paper on Capital Markets Union – in which (I read) he is going “to test the waters on creating a new super-regulator for capital markets”.
And then there’s all the rest of the stuff that grinds on remorselessly through the Brussels machine – from payments, to benchmarks, to rating agencies, to what forms of capital are acceptable. And all the Level 2 measures that keep you euro-watchers in business…
As usual, our Belgian sheepdog is the indefatigable Graham Bishop, proprietor of the eponymous grahambishop.com (and regular columnist in Financial World). His minder this month is the equally indefatigable John-Paul Dryden, currently with Brunswick, but previously with the FSA (including placements with UKRep and the European Parliament). They know their euro-onions, and I am sure will miss very little that matters across the water.