Brussels for Breakfast (146)

Held on Thursday, January 10, 2019

With support from CISI


  • Graham Bishop (

  • Conor Foley (Norton Rose Fulbright)



Twenty-nineteen is going to be a big year for Europe – with or without the UK. And the UK – whether or not it is still part of the European Union – is going to be deeply affected by what goes on across the water. That goes double for the City, which will have to work out some kind of accommodation with Brussels, presumably (if Brexit really does go ahead) on the basis of equivalence.

So, what are we going to have to be equivalent with? And what is going on that we (as rule-makers, rule-takers or simply vassals) will find ourselves bound by. For the thirteenth (or fourteenth, I am not sure which) year running, our guide to the Brussels labyrinth is Graham Bishop, sole prop. of Looking at his website, I note that he is flagging:

- Andrea Enria’s new appointment

- the ‘temporary equivalence’ regime for City CCPs;

- the CEPS/ECMI taskforce on CMU;

- KIDs for PRIIPs;

- regulation of the ‘cloud’;

- EIOPA’s work on cat risk;

- the issue of cyber-resilience for pan-European infrastructures;

- the Swiss-EU spat over an integrated economic space; and

- the (limited) progress on a Eurozone budget.

That’s just a taster. No doubt, there will be lots more for Graham to talk about – and for Conor Foley to add his own insights.

Conor leads Norton Rose Fulbright’s government relations and public policy practice and specialises in banking and securities law.

If you (or a colleague) would like to kick off the New Year by immersing yourself in EU machinations, 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