EY today released Geopolitical update: Brexit and US-China relations, which explores how Brexit and the increasing complexity of US-China relations is affecting Chinese enterprises’ overseas investments. Investors from China should pay close attention to the latest policy developments and develop a geostrategy to manage the risks and identify the opportunities amid this growing uncertainty. Jon Shames, EY Global Geostrategic Business Group Leader, said: “While the world has moved into a new and unsettling geopolitical phase, Chinese businesses and investors cannot focus...

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by John Bruton, Former Prime Minister of the Republic of Ireland The European Commission has produced a paper setting out the preparations that will have to make for a “No Deal “ Brexit, and what would have to done to deal with it. I have extracted some of the interesting quotations from it. It is quite explicit in some respects, but those who say there will be no hard border in Ireland in any circumstances will need to seek further...

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Published on 28 November 2018 The results of the Bank of England’s 2018 stress test show the UK banking system is resilient to deep simultaneous recessions in the UK and global economies that are more severe overall than the global financial crisis and that are combined with large falls in asset prices and a separate stress of misconduct costs. Despite facing loss rates consistent with the global financial crisis, the major UK banks’ aggregate CET1 capital ratio after the stress would...

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Thank you, Madame President, Secretary of State, Ladies and gentlemen, Members of the European Parliament, Good morning to each and every one of you and thank you for giving me the opportunity to speak to you on behalf of the European Commission, with an apology on behalf of President Jean-Claude Juncker who is participating in the G20 right now. Madame President, we are at an important and serious moment, 17 months after the beginning of the negotiation that I am honoured to conduct...

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INTRODUCTION 1. The European Union, hereafter referred to as “the Union”, and the United Kingdom of Great Britain and Northern Ireland, hereafter referred to as “the United Kingdom”, ("the Parties”) have agreed this political declaration on their future relationship, on the basis that Article 50(2) of the Treaty on European Union (TEU) provides for the negotiation of an agreement setting out the arrangements for the withdrawal of a departing Member State, taking account of the framework for its future relationship with the Union. In that...

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