In the past few days, French and German leaders have met on several occasions to celebrate the 55th anniversary of the “Elysée Treaty”, the first bilateral cooperation agreement between the two countries since the end of WW2. Although modern France and Germany differ completely from the countries led by President Charles de Gaulle and German…

In March 2017, the European Commission President, Jean-Claude Juncker launched a wide ranging debate on the Future of the EU. Five specific areas have been further explored with dedicated reflection papers. One of them focused on the future of the Economic and Monetary Union (EMU) and the Commission’s ambition for its deepening with a long…

Four years after its initial consultation on the issue, and after several successive postponements, the European Commission finally presented in end-November its proposal for a recovery and resolution framework for central clearing counterparties (CCPs), the first of its kind across major international jurisdictions. The CCPs – which act as a counterparty to both sellers and…

With the reslease of the European Commission’s risk reduction package, it could be said that some of the more novel measures consitute unwanted Christmas presents for the EU’s banking sector. The Brussels bubble of policy enthusiasts has been eagerly awaiting the launch of the package – duly arriving on 23 November – whose aim is to…

One of the main challenges facing the global financial industry is ensuring an appropriate level of coordination between national and regional policymakers, regulators, and supervisors. In view of this, the EU holds regular talks on financial regulation (and sometimes macroeconomic issues) with its key economic partners including the US, Japan, China, India, Russia, and Brazil….

The 2008 financial crisis put regulation of financial markets firmly atop  the agenda of EU policymakers, with more than forty legislative proposals put forward by the European Commission in the years since. These initiatives touch upon all areas of the financial spectrum, from banks and asset managers, to securities markets and financial market infrastructures. These reforms –…