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What to expect from the Czech Presidency

What to expect from the Czech Presidency

On 1 July 2022, the Czech Republic will take over the EU presidency for the second time in history. This will mean that the Czech Republic will be setting the agenda and holding the pen for the development of new EU law in the Council of the EU. At a recent Hume Brophy event, David Cook (MD of International Financial Services) and Lucie Bínová (Head of Financial Services and former Czech financial services attaché and policy advisor) considered the Czech Presidency and its likely financial service priorities.

Lucie Binova  explained how the Czech Republic placed great importance on good regulation around capital markets and  what is the focus on the digital agenda.  David and Lucie discussed how the Presidency will be structured and how the Czech Permanent Representation in Brussels would drive the financial services work, with strong and technical support from Prague.

In terms of the Czech priorities, the discussion included banking, insurance and issues related to capital markets union.  Questions from the audience covered Ukraine, consolidated tape and delegation under AIFMD. David and Lucie also considered the Czech team working on financial services and provided strategical advices on how to engage with it.

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David Cook

I am the Partner leading Penta’s international financial services practice focussing on providing clients with a borderless offer across London, Brussels, Asia and the United States. This is vital as the issues facing financial services are often international in nature and need to be considered on a cross-border basis. I have 20 years public policy experience as civil servant, regulator, diplomat and in industry.
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