Graham
Bishop: Biographical details
January 2006
The deregulation
of
Europe's
financial markets due to the Single Market programme and EMU create business and
investment opportunities. So his publications, articles and speeches provide an
informed commentary from the practical perspective of a market participant, but
with a political grounding. So he has worked extensively with both European and
UK political
authorities.
European
Commission: Mr.
Bishop currently is a member of the Commission's Consultative Group on the
Impact of the Euro on Capital Markets (the Giovaninni Group). He was a Member of
the Commission's Strategy Group on Financial Services (1998 - creating the
Financial Services Action Plan) and the Committee of Independent Experts on the
preparation of the changeover to the single currency (1994/5).
European
Parliament: He was
nominated by the European Parliament to be one of its two members of the first
Inter-Institutional Monitoring Group, as foreseen by the Lamfalussy Report, and
was Rapporteur for the spring 2003 and November 2004 Reports
Kangaroo Group: He was
elected to the Board in November 2005.
House of Commons: Mr. Bishop was a Special Advisor
to the Treasury Select Committee in its examination in 2003 of the implications
for
United
Kingdom membership of the Single Currency. He
advised the Treasury Committee on the corresponding reports in 1998 and 1996.
House of Lords: He was a Specialist Adviser to the
House of Lords Select Committee on the European Union in its 2003 inquiry into
The Barriers to Competition in the
Internal Market for Financial Services.
He is a Council Member, Federal
Trust; a member of the European League for Economic Co-operation
(
ELEC) - British Section; Member,
European Policy Centre. During the debates on UK membership of EMU, he was a
Council Member of both Britain in Europe and City in Europe; Chairman, London
Investment Banking Association (LIBA) Committee on converting London's capital
markets to the single currency; and Deputy Chairman of the Kingsdown Enquiry of
the Action Centre for Europe (ACE) on the implications of EMU for Britain (1995
and 1997 update).
He participates in studies and
meetings of research institutes such as the Royal Institute of International
Affairs; Centre for the Study of Financial Innovation (CSFI); SUERF and ELEC. In
addition, Mr. Bishop was a member of the Advisory Board of the European
Financial Services Round Table and a Member of the CBI's working group on the
MFR.
Several continuing themes have
dominated his work
on monetary union at Citigroup (and subsequently) since the "1992" Single Market
programme commenced. They cover the technical nature of the financial system and
then build up to the political impact of modern markets: the Impact on Financial Institutions and
the Structure of Financial Markets; the Role of Financial Markets in the Drive
to EMU; the Role of Market Discipline in maintaining Fiscal Sovereignty; as well
as EMU and Political Sovereignty
Mr. Bishop graduated from
Sheffield
University in 1972 with a degree in Jurisprudence and
worked for
UK stockbrokers, Phillips & Drew,
as an international economist with particular reference to equity markets. In 1979, he joined S G Warburg to manage
pension fund portfolios. His
emphasis moved from European equity markets to bonds and currencies, culminating
in a move to Salomon Brothers/Citigroup in 1983. Initially, his economic commentaries
covered the bond and currency markets of
Europe. He
authored Citigroup research on the issues surrounding monetary union after it
became a serious possibility in 1988. As Adviser on European Financial Affairs
at Citigroup in
London, he reported to the
Co-Chief Executives in
Europe.