It’s been an eventful few weeks for the big players in the gambling industry. Back in May, the United States Supreme Court ruled 6-3 to strike down the federal prohibition on gambling on the outcome of sporting events, paving the way for sports betting to take the United States by storm.
The number of companies that have successfully listed in Europe recently, and the list of those that are expected to go public in the near future is under-pinning indications of a very health stock market sector.
This briefing has been put together by the Hume Brophy financial services team in Brussels. We first examine the three legislative proposals published in May and their potential loopholes. We then analyse to what extent these proposals could have an impact on non-financial actors and we observe what possible next steps in the EU legislative process might be.
Talk of a trade war blows hot and cold, then hot again. The Prussian military analyst Carl von Clausewitz pointed out that “three quarters of the factors on which action in war is based are wrapped in a fog of greater or lesser uncertainty”. This is an apt description of the current state of the world trading system which seems to have been turned upside down by a barrage of unilateral action by the United States. How did we get to this point and can we see anything through the fog?
When Bertie Ahern, the former prime minister of Ireland, was asked what the consequences of a hard border on the island of Ireland would be, he didn’t hesitate.
Hume Brophy will be hosting a breakfast briefing with Fine Gael’s Brexit Spokesperson and Chair of the Seanad Special Select Committee on the Withdrawal of the UK from the EU, Senator Neale Richmond on Tuesday 31st July at 7.30am, in the Hume Brophy office, 14 Herbert Street, Dublin 2.
EU institutions are continuing to negotiate numerous ongoing policy initiatives that directly or indirectly impact fund managers in the new environment of MiFID II which has not resulted in interruptions to ongoing regulatory activity.
Breakfast briefing with Robert Missen, Head of Unit for Innovation and Research, DG MOVE
On March 12 2018, the European Commission published its proposal for the cross-distribution of funds, which in the context of the Capital Markets Union (CMU) aims at reducing regulatory barriers for fund managers seeking to market and offer their funds in several EU Member States.
On March 8 2018, the European Commission published a FinTech Action Plan (read here), which has been the subject of meticulous preparation for more than a year.