Brussels for Breakfast

Held on Tuesday, January 12, 2016

With support from the British Bankers’ Association


  • Graham Bishop (independent consultant,

  • Alexandria Carr (Of Counsel, Mayer Brown)



A new year – but no real sign of a new agenda in Brussels. Notwithstanding our own parochial obsession with Brexit (note the CSFI/CEPS round-table in Brussels on January 28), the EU machinery grinds on relentlessly.

Among the issues up for discussion this month are Lord Hill’s plans for CMU, the controversial proposals to complete Banking Union with a European deposit guarantee scheme, French plans for tracking terrorist finance, signs that the Juncker Plan is faltering, the continuing controversy over an FTT, the growing pressure for tax transparency – and all the other dossiers that we have been following for the last decade (CRD IV, Solvency II etc etc). Nothing changes.

Our guide to the world in 2016 is, as usual, the unflappable Graham Bishop – who knows more about the warp and woof of financial legislation in the EU than is healthy for any single individual. Helping him this month is an old friend, Alexandria Carr – Of Counsel (a nice phrase) with Mayer Brown in London, which she joined in 2012 after 13 years with HMG (latterly in the Treasury, where she was hired specifically to advise on Solvency II). Alexandria has also advised HMT more generally on EU financial issues, including development of a single EU rulebook, ‘Level 2’ proposals, MAR and MAD – and all the other acronyms we have come to love and hate.