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  • About Graham Bishop

    Graham Bishop is renowned for his vision and the courage to propose radical ideas, yet ground them in a mastery of the technical details of the financial system. He has been referred to as a one-man think tank.

    European Commission: His influence at the meeting point of politics, economics and finance has been recognised on many occasions - most recently when the European Commission asked him to study the attitudes of investors toward the euro area sovereign bond markets. In particular, he explored attitudes towards the potential for a “common euro area safe asset”: what characteristics should it possess and whether it would ameliorate any of the concerns expressed about the features of existing bond markets.

     

    Graham's many pro bono activities illuminate and reinforce his Consultancy Services. His deep knowledge of Europe’s financial system is integrated with his understanding of EU economic and budgetary policy-making – whilst set within the necessary framework of democratic accountability. 

    He was a member of the Commission's Consultative Group on the Impact of the Euro on Capital Markets; of the Commission's Strategy Group on Financial Services; and of the Committee of Independent Experts on the preparation of the changeover to the single currency (1994/5). 

    This Website, as well as Graham's Consultancy Service, is designed to bring clients the direct insights that flow from Graham’s position as a leading technical analyst of economic and structural developments in the financial markets of Europe. 

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    "Institutional investors and major financial firms now face a huge commercial challenge in Europe. The vision of political integration has entered a critical phase: ...."

    "..analysis of obscure bureaucratic manoeuvrings towards fiscal union, labour mobility and tax co-ordination etc. is quite outside the comfort zone of many..."

    "It is now entirely foreseeable that governments may make potentially far-reaching changes that would impact the valuation of European financial assets, as well as reforming the nature of the regulations governing key parts of the financial sector’s business". 

     

    "..So the consequences of this crisis will be historic – and will reverberate around global financial markets. The stakes for participants in European financial markets could not be higher.."

    Consultancy services can take many forms:  face-to-face meetings, telephone discussions, written comments, speeches, special articles, customised research projects, etc. 

     

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24 March 2021

ESMA UPDATES BREXIT STATEMENT ON PROVISIONS OF THE BENCHMARK REGULATION (BMR)


The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated its statement on the application of key provisions of the Benchmark Regulation (BMR).

Today’s update concerns ESMA's previous statements that were issued in March and October 2019 as well as in October 2020, respectively. The latest update specifies the EU's regulatory approach towards UK-based third country benchmarks as well as UK endorsed and recognised benchmarks.

The October 2020 statement needed to be revised as the EU BMR transitional provision had been updated in the context of the recent BMR reform.

  • The Impact of Brexit on the BMR

 

Related documents

BMR Brexit Statement updated

24 March 2021
esma80_-187-881_bmr_brexit_statement_updated.pdf (82.91 KB)


ESMA



© ESMA


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