Full steam ahead for the EU in 2017 on Banking Regulation and Capital Markets Union

  • Posted on 19th December 2016
Full steam ahead for the EU in 2017 on Banking Regulation and Capital Markets Union

2017 is set to be a year of acceleration in the pace of regulation of the financial services sector at global and European levels. The Basel Committee on Banking Supervision (BCBS) is making steady progress on plans including a leverage ratio surcharge for global systemically important institutions (G-SIIs). The Financial Stability Board (FSB) is also consulting on guiding principles and…

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Membership vs access: Why words have meaning for the future of UK financial services and the Single Market

  • Posted on 26th July 2016
Membership vs access: Why words have meaning for the future of UK financial services and the Single Market

Some of the UK political instability following the EU Referendum in June is beginning to dissipate. A new Prime Minister, reshuffled Ministerial teams, and reshaped Government machinery are in place. A timetable of sorts for the next steps is beginning to form, ie. no triggering of Article 50 to commence the departure negotiations, during this calendar year, but likely early…

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What would Brexit mean for the investment climate in the financial sector?

  • Posted on 13th May 2016
What would Brexit mean for the investment climate in the financial sector?

With just six weeks left to go, the battle over the UK’s continued membership of the European Union is rising in volume and intensity. A key issue for investors in UK-traded financial services products and markets is undoubtedly what effects the decision made on June 23 will have on the climate for purchasing or retaining bonds, equities or other assets…

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The Single Rulebook and why it matters for financial services in the UK

  • Posted on 27th April 2016
The Single Rulebook and why it matters for financial services in the UK

One of the key policy responses to the financial crisis which led to the Great Recession was the subsequent action taken by EU Heads of Government through the European Council in June 2009 to strengthen the regulatory system governing all financial services providers within the Single Market area. In establishing a new European Banking Authority (EBA), within a European System…

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Does the EU ETS need reviving, again?

  • Posted on 12th April 2016
Does the EU ETS need reviving, again?

Boom and Bust   The EU Emissions Trading System (EU ETS) has been up and down a rollercoaster over the last decade. Launched with considerable optimism in 2005 as one of the European Union’s prime policy instruments for tackling climate change by placing a price on greenhouse gas emissions, it has since gone through what can be most appropriately termed…

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16 for ’16: climate and energy issues to track this year

  • Posted on 7th January 2016
16 for ’16: climate and energy issues to track this year

2015 was a significant year for climate and energy policy and markets: from the momentous Paris agreement to Obama’s continuing push on the Clean Power Plan; from the new British Government’s fresh (and controversial) energy approach to, at last, some stability for the EU Emissions Trading System (ETS), which may have real implications for the longer-term.   But it’s now…

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Capital Markets Union – What Does It Mean For The Fintech Industry?

  • Posted on 1st October 2015
Capital Markets Union – What Does It Mean For The Fintech Industry?

On a day when the entire financial services industry in the UK and in Continental Europe dissected the long-awaited – albeit leaked – European Commission Action Plan on Capital Markets Union, a few eyebrows were raised about some potential implications for the fintech community. Regulators at national and supranational level are still pondering over an optimal regulatory framework to promote…

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Is the EU ETS back on its feet?

  • Posted on 7th August 2015
Is the EU ETS back on its feet?

The EU Emissions Trading Scheme (ETS), the EU’s flagship climate policy instrument aimed at reducing greenhouse gas emissions at least economic cost and incentivising investment in the low-carbon economy, has been back in the news – for once in a positive sense.   A major structural reform, aimed at tackling the huge surplus of allowances built up in the ETS…

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Paving the way for a ‘circular economy’ in Europe

  • Posted on 10th July 2015

In a speech at the European Parliament plenary debate on Monday 6th July, First Vice-President of the European Commission, Frans Timmermans, said that the Commission “remains strongly committed” to present a circular economy package towards the end of this year.  The reasons are quite simple: Vice-President Katainen, Commissioner Vella, Commissioner Bienkowska, and others, essentially believe that the new circular economy…

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