This is the first issue of the Global Counsel Brexit dashboard. 21 months on from the vote – and with just 12 months before the UK leaves the EU – we can now take the macro pulse of the economy, using a balanced set of 15 indicators, each quarter. We are not attempting to isolate the impact of...
Sustainable finance refers to a financial service that incorporates environmental, social and governance (ESG) factors into business and investment decision-making.While market-driven initiatives currently set the metrics for this area, its uptake by financial regulators has been slow. In the...
Inequalities are increasing amongst people in Europe and the US; this is having a profound impact on politics, creating resentments and instability; and this is impacting the way in which policymakers see China. It is putting trade and investment relations with China under closer scrutiny. This...
Recent years have seen important global shifts in both the policy frameworks for screening inward foreign investment and the way in which they are applied. These shifts come against a backdrop of protectionist political rhetoric and anxieties about the impact of foreign direct investment (FDI)...
In September 2017, Global Counsel and Clifford Chance published with UK Finance a detailed set of proposals for the financial services content of a possible future EU-UK FTA.
The proposals offered a possible answer to the difficult question of how the EU and the UK might preserve some...
The last few months have seen a growing awareness of the challenge facing both the EU and the UK in adapting their customs processing systems for the reimposition of a hard border[1] between the two sides once they are no...
Over Summer 2017, EY and Global Counsel collaborated on a project reviewing the challenges posed for UK boards and managers by political populism. EY have just published some of these reflections as part of their regular Corporate Governance Latest Insights Series.
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Complex, arcane and underperforming, the EU Emissions Trading Scheme has emerged as Brexit’s unlikely first billion euro problem[1]. Superficially, the challenge is a technical one; how to manage the uncertainty over what...
A few months ago, we looked at the evolution of the debate on foreign investment screening in Europe and the joint French-German-Italian call for a new regime in the EU....
The baseline for the trade relationship after a no-deal Brexit would be WTO rules. In practice – and depending on the political atmosphere – there would at least be some enhancements to this baseline in the form of bilateral agreements between the EU and the UK on specific issues that are...