Recent articles by: Sheenagh Gordon-Hart
  • September 2019Opinions & Features

    Back to school

    The new European parliamentary term is well underway, but with the new Commissioner positions yet to be confirmed by president-elect Ursula von der Leyen, it remains to be seen exactly how financial-regulation priorities and other relevant projects such as the CMU will shape up.Econ’s first meeting was held on 4-5 September, and, apart from housekeeping matters including budgets, was due …
  • August 2019Opinions & Features

    Brexit battle lines set

    Summer may be on us but that has not slowed regulatory activity, nor the escalation of tensions surrounding Brexit discussions. With the election of a new UK prime minister promising a no-deal exit in October, the battle lines seem to be drawn and the Swiss equivalence issue serves as a warning for UK asset managers that in a no-deal Brexit …
  • July 2019Opinions & Features

    Top jobs settled

    It's been all-change in the top jobs at the EU. Before going to press the appointments of ECB President and Commission President were announced after lengthy debate amongst EU leaders. The new names are Christine Legarde, the well-known President of the World Bank who takes over from Mario Draghi at the ECB, and Ursula von der Leyen for the Commission …
  • June 2019Opinions & Features

    Greener, fairer and more inclusive

    The European elections turned the parliament into a darker shade of green ensuring a greater regulatory focus on sustainability issues dominating its strategic agenda. But, we are now in an interregnum waiting for political agreement on the key Commission positions, including the Commission President. Once the new Commission is in place, what can we expect? It is too early to …
  • May 2019Opinions & Features

    Racing to the finishing post

    A very busy period for European institutions in advance of the parliamentary elections on 23 May. Regulators have been rushing files through the legislative process before the parliament’s final plenary, on 18 April. Most important for asset managers are the new rules on integrating ESG factors in the investment decision-making process. The so-called Disclosure Regulation coincides with Esma's final technical …
  • April 2019Opinions & Features

    Last hurrahs before EU elections

    The first quarter has been a busy one politically with Brexit stumbling towards some kind of conclusion – only time will tell when the exit will occur and on what basis. Alongside this extraordinary political spectacle, the usual business of policy makers and regulators can look dull, but that’s not necessarily the case. It’s just well-hidden behind the headlines but …
  • March 2019Opinions & Features

    Reviewing the situation

    Regulatory pressure on asset managers shows no sign of abating: while there isn’t as massive a pipeline of new initiatives as there was, there is certainly plenty to keep a weather eye on. One area that is likely to see action by policymakers is tech; last month the Financial Stability Board (FSB) published a report on fintech and market structure, …
  • February 2019Opinions & Features

    Sustainability moves centre stage

    Sustainability looks to be the key theme for Europe's regulators over the next year. Aside from amending legislation being prepared for Mifid, fund regulations are also being drafted to require the embedding of sustainability considerations into portfolio management, and requiring distributors to incorporate sustainability into suitability assessments.This initiative is being championed by the Commission, which asked Esma to provide technical …