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Juncker Confirms Budget Demand for Brexit Talks
March 30, 2017
In a recent interview, European Commission President Jean-Claude Juncker confirmed that EU negotiators will demand in talks over Brexit that the UK pay approximately $62 billion toward what EU leaders say are its budget obligations to the bloc and indicated that a priority in the negotiations will be to incentivize other EU members not to leave.
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French Regulator: EU Must Maintain Ties to UK Finance
March 30, 2017
At a recent conference, Gerard Rameix, the chairman of a French financial regulatory agency, called for the EU to assess the prospect of establishing a special financial "equivalence" regime for the UK market to maintain close ties after Brexit and asserted that the EU should maintain supervision over the clearing of euro-denominated transactions in London.
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EU Plans "Multi-Speed" Prosecutor's Office
March 30, 2017
EurActiv reports that EU leaders have bypassed concerns from countries that an EU Public Prosecutors' Office will become a centralized justice ministry that takes competences from EU member states by brokering an "enhanced cooperation" deal permitting EU members the choice whether to recognize the powers of this new EU prosecutorial body.
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ESAs Welcome Push Toward EU Financial Union
March 30, 2017
A press release from the European Supervisory Authorities (ESAs), which help oversee the harmonization of European financial regulations, welcomes the European Commission's planned review of their frameworks in an effort, in part, to strengthen their authority to contribute to the establishment of a full-fledged EU Capital Markets Union.
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UK Committee: Maintain Post-Brexit EU Legal Ties
March 30, 2017
The UK House of Commons Justice Committee has published a report calling on the country's negotiators to prioritize in Brexit talks maintaining a close civil and criminal legal relationship with the EU, including by retaining access to the European Arrest Warrant and preserving cross-border practice rights for lawyers.
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