European Union latest publications
The European Banking Authority (EBA) launched its stress tests for European banks on January 31. This two-year exercise will involve 51 European Union (EU) banks, including United Kingdom-based banks, with 2020 being a transition year following Brexit.
The prevalence of highly Euroskeptic ideas in the UK throughout the Brexit process has been a constant surprise in Europe and these ideas are an example of how cultural and political biases are sometimes imposed on economic logic.
Brexit negotiations are speeding up and they are becoming incredibly complex, both from the technical point of view - how to make each side’s red lines compatible - and the political point of view - how to get the final agreement passed by the UK parliament.
Finalisation of Basel III: what comes next?. Funding in resolution. Regulation is coming: pending issues. New STS securitisations in Europe. Strengthening the Banking Union. Adapting the organisation to the digital era. U.S. financial regulation: relief and recalibration.
The main sources of uncertainty that have hung over Europe in recent times, such as Brexit or the wave of populism and anti-European parties, are starting to disappear, or at least have moderated. Moreover, the economic outlook has improved and we are seeing an acceleration of the economy.
A few weeks ago the majority of analysts were saying that Theresa May’s real motive in calling early elections in the UK was to strengthen her majority against the hardest wing of her party. This would have enabled her to accept “softer” conditions in a possible agreement on Brexit.
Following the triggering of Article 50 of the Treaty of Lisbon in March, the United Kingdom's exit process has formally begun. However, there is still significant uncertainty. It is not clear, for example, whether or not the UK can reach a new trade agreement in the coming years, or if there will be a period of transition.
The European Commission presented its White Paper on the future of Europe. It draws five different scenarios: business as usual, retreat to a pure single market, a variable geometry union, a more efficient union, and a deeper union. The paper clarifies the debate, draws clear pathways to choose, and introduces the debate on…