Brussels for Breakfast (141)

Held on Thursday, May 10, 2018


  • Graham Bishop

  • Lucy McNulty (FN London)



As markets and the Brussels cognoscenti digest the latest from the Italian coalition agreement, Draghi, Lautenschläger, Constâncio et al have all thrown their weight behind greater urgency in “completing the Banking Union” ahead of the June meetings.

Whether or (more likely) not we are on track for a big Banking Union breakthrough, there is still plenty bubbling in the Brussels pot, not least:

-    industry feedback on the macro-prudential role of the ESRB;
-    haggling over the Commission’s cross-border distribution of investment funds legislation;
-    proposals for the creation of private sector “sovereign bond-backed securities” to break the eurobond deadlock; and
-    the IMF’s calls for Greek debt relief.

And, of course, there is always ‘Brexit’, and whether Mrs May can find sufficient takers for her customs and trade proposals. I am, therefore, delighted that (colours firmly nailed to his mast) Graham Bishop is ready to go once again – telling us just how tricky our next couple of years will be, and how much better things would be if the prodigal UK returned to the Brussels fold. But he will not get things all his own way. Backing him up this month we are delighted to welcome Lucy McNulty, financial regulation and Brexit editor for Financial News.

As always, it’s a caring-and-sharing experience. If you would like to join us, give us your thinking and enjoy some tea, coffee, and buns, please let us know by emailing or by calling the Centre on 0207 621 1056. If you want to bring a friend, that’s fine too.

Sincerely yours,

Andrew Hilton