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ECB Seeks More Control over Euro Clearing
August 10, 2017
The Irish Independent reports that the European Central Bank (ECB) has pushed the European Commission to grant it more authority over the clearing of euro-denominated transactions, an activity with a large market in London, including the power to demand that euro-clearing firms deemed "systemically important" to EU financial markets move inside the bloc.
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EU Negotiators Agree External Fishing Rules
August 10, 2017
Negotiators of the European Parliament and the Council of the EU have agreed to new rules regulating EU fishing boats operating outside the bloc's waters and non-EU fishing boats operating in the bloc's waters, aiming to promote "sustainability" in fishing management and prevent "illegal, unreported and unregulated fishing."
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UK Plans Departure from EU Arrest Warrant System
August 09, 2017
The Sun reports that the British Government is developing plans to permit UK judges to deny extradition requests from EU member states after Brexit, breaking from the European Arrest Warrant scheme overseen by the Court of Justice of the EU that provides little judicial recourse to arrest warrants from other members.
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Cleppe: Brexit Negotiations Show Progress
August 09, 2017
Pieter Cleppe of the think tank Open Europe writes that, despite some media reports, the EU and UK are making good progress in Brexit negotiations and may begin trade talks as early as October due to significant agreement on key issues and an apparent willingness by negotiators to compromise.
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Observers: EU Should Stay Out of Polish Judicial Controversy
August 09, 2017
Mike Muller and Luke Coffey of the Heritage Foundation argue that the European Commission’s threat to strip Poland of its voting rights in the EU Council over its judicial reforms is unwarranted, as the country’s controversy is an internal debate that should be decided democratically rather than by EU officials.
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