Welcome to our Brexit weekly e-mail. 

Our new e-mail service now provides direct access to the underlying articles - with links that are live for the next seven days. If you wish to acces older articles, you will need access codes from office@grahambishop.com. I had hoped that there would be no need to continue this service but, sadly, that is not the case as the negotiations will drag on for a long time. So we will soon be introducing a small monthly charge - unless you are subscribing to our Gold service. 

If you are interested in European finance, we are targeting the interaction of the driving forces of politics and economics as they force the required changes in over-arching financial regulation - including ESG and Fin Tech. Details of these services are here

The Guardian: UK says it will consider walking away from Brexit talks in June : Boris Johnson is asking the EU for a Canada-style trade deal but will consider whether to walk away from talks in June and prepare for an “orderly” exit from the transition period. View Article

British Brexit negotiator David Frost and ambassador to the EU Tim Barrow - FT

Financial Times: UK seeks EU assurance on deadline for financial market access : Britain has urged Brussels to honour a June deadline for granting market access rights that the City of London will rely on when the UK’s post-Brexit transition period runs out at the end of the year. View Article

The Guardian: British economy 'to grow 0.16% at best under US trade deal' : The British economy would be at most 0.16% larger by the middle of the next decade under a comprehensive trade deal with the US, the government has admitted, laying bare the limited benefits from striking an agreement with Donald Trump. View Article

BBC: France warns UK against 'artificial deadlines' : The EU will not be pressurised by "artificial deadlines" in its post-Brexit trade talks with the UK, France's Europe minister has warned. View Article

Financial Times: European companies warned over lack of Brexit planning : The EU trade commissioner has warned European companies that they need to do more to prepare themselves for the jolt of the UK leaving the bloc’s single market, saying businesses risked a “logistical nightmare” if they did not grasp the new reality. View Article

POLITICO: UK trade secretary blasts protectionism in ‘Britain is back’ WTO address : UK Trade Secretary Liz Truss will blast protectionism as she tells the World Trade Organization “Britain is back” on the world stage. View Article

Financial Times: Waiting for the golden age of Brexit trade deals : The UK government continues to emit an overpowering fog of promises about non-European agreements, writes Tony Barber. View Article

The Atlantic: The unreality of the next stage of Brexit : As the two sides gear up for the fraught negotiations about to ensue, the unreality is this: The EU seems unable to grasp the nature of Brexit; the U.K. seems unable to grasp the price it has paid to get it.  View Article

Federal Trust: Brexit futures - preparing to change the game : Brexit’s implosion will come from either what Peter Cook calls external socio-economic, political, environmental shocks or “internal combustion”, due to the underlying inherent instability of the Tory party and the self-destructive nature of Brexit. View Article

City AM/EY: The cost of the UK’s 2021 Immigration system to Financial Services : Recent research by IPPR suggests that 38% of EU workers currently employed in UK Financial Services firms would not be considered eligible under the UK’s new immigration system. The analysis also found that the rules disproportionately impact the immigration of EU women. View Article

Financial Times: Citi consolidates European leadership in Frankfurt : Citigroup is further consolidating its European investment bank and trading leadership in Frankfurt as the post-Brexit financial services divergence between the UK and EU becomes clearer. View Article

 

Graham Bishop #FBPE retweeted
	FT Brussels @ftbrussels
UK seeks EU assurance on deadline for financial market access on.ft.com/2Ia7EEn
Graham Bishop #FBPE retweeted
	YouGov @YouGov
With the UK beginning trade negotiations with both the EU and the US this month, here is who Brits would prefer to have as the closer trading partner between the two: ????: 51% ????: 17% yougov.co.uk/topics/travel/… pic.twitter.com/V0Z2WTsp20
Graham Bishop #FBPE retweeted
	European Central Bank @ecb
ECB Supervisory Board member Kerstin af Jochnick says banks that have been quicker to adjust to the Basel standards are in a better position to support their customers. That’s why banks need to implement Basel III faithfully, consistently and in good time bankingsupervision.europa.eu/press/speeches… pic.twitter.com/ohUo1yOgD6
Graham Bishop #FBPE retweeted
	European Central Bank @ecb
ECB Vice-President Luis de Guindos says completing the capital markets union requires improvements in two key areas: the dynamism of private equity investments, particularly in risk capital markets, as well as sustainable finance. Read more: ecb.europa.eu/press/inter/da…
Graham Bishop #FBPE retweeted
	Bloomberg @business
Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, according to the OECD trib.al/tf8aDcc pic.twitter.com/muCG2Bmo9F
Graham Bishop #FBPE retweeted
	FT Brussels @ftbrussels
Top City bosses reject post-Brexit ‘Singapore on Thames’ on.ft.com/3cdEYbm
Graham Bishop #FBPE retweeted
	Bloomberg Brexit @Brexit
Boris Johnson's office says only full independence from EU rules will do—and the U.K. is willing to walk away from talks if necessary trib.al/t4q7BF2
Graham Bishop #FBPE retweeted
	UNCTAD @UNCTAD
#Brexit: New UNCTAD estimates show that the UK ???? risks losing up to 14% ($32 billion) of its exports to the EU ????. bit.ly/BrexitNTMs pic.twitter.com/krDpuwXPli
Graham Bishop #FBPE retweeted
	Bloomberg Brexit @Brexit
“The trade deal will be associated with a fisheries agreement and a level playing field, otherwise there won’t be any agreement at all" trib.al/nkR4lTC
Graham Bishop #FBPE retweeted
	Ursula von der Leyen @vonderleyen
? Mandate approved. Ready to go. Negotiations with the #UK will begin the week of 2nd March. We stand ready to build a close, ambitious partnership with the UK. This is good for people, good for business. #NewBeginnings ????????