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The European General Data Protection Regulation is a fantastically complex piece of legislation but it is not an "Act" or, as Acts are called in the EU, a Directive.

It has been brought into law across the EU (and beyond) and will come into force on 25th May 2018.

Most importantly, it proves how domestic law in member states can be written by Europe outside the democratic process.

CoNet Section: 

There is something almost sad about Angela Merkel's campaign to remain relevant in world, EU and, even, German politics. Increasingly isolated on all fronts, her political rallies are carefully photographed to give the impression of many supporters rather then the dozens that actually turn up. And she's trying to find pro-EU leaders to cozy up to - in denial of the fact that her brand of EU politics is one of the things most putting the future of the Union at risk. Increasingly strident, demanding, almost hectoring of her audience, Merkel is beginning to sound like an extremist, even if her words speak of a particular form of unity. Then again, she might just be positioning herself for a top EU role.

CoNet Section: 

It's very clear that, when Britain is outside the EU, there will be changes to the legal and regulatory framework applicable to, amongst other industries, its financial services sector. It is therefore obvious that UK banks must have representation in Frankfurt where the ECB is based. Not only is this not new, it's not even a tiny little threat to the UK financial sector, no matter what the media says.

BIScom Subsection: 

PART One of this article appears at http://www.pleasebeinformed.co...

In its Conclusion the Joint Opinion implies a monumental failure of the European machine. And it has little to say beyond that already known and widely not acted upon.

The European Union's Fourth Money Laundering Directive recognises the financial sector regulatory framework created in response to the global financial crisis. The three headline bodies are required to work jointly in a number of areas and, in relation to money laundering and terrorist financing, to produce a "Joint Opinion" every two years. Yesterday, it released the first. Here is our first look and, starting only four lines into the Executive Summary, there are important points to consider.

A Parliamentary Bill in the UK goes through several stages: first the knockabout (if MPs are awake) in the House of Commons. Then it goes to a Committee Stage and then to the House of Lords. Although those bodies cannot, in effect, cancel the Bill, they can send it back to the Commons for various purposes. With cross-party support, the Bill passed with 498 votes to 114. That was closer than many would have liked.

CoNet Section: 

Diplomats are expert at couching hard truths in soft language, a trick that leads to ambiguity. There's not much of either in the letter Sir Ivan Rogers left for his staff when he left his post several months early so that he was no longer there when negotiations for the UK to leave the EU start in earnest. In Whitehall, this morning, there will be more bloody noses than pulled punches - but Whitehall has a treacle-like approach to criticism. Standard operating procedure is to hang-around until the fuss dies down, then carry on as before.

CoNet Section: 

On 23 November, the Council of the EU published a set of "conclusions" of the council and Representatives of the governments of Member States on "the prevention of radicalisation leading to violent extremism." If there was ever a subject that was more fraught with danger in relation to definitions and concepts, it's hard to think of one. But the conclusions are based on a premise that is very familiar:that criminals aren't to blame for their actions - it's society's fault.

CoNet Section: 
CoNet Administrator

Angela Merkel pays the price for her rash migration policies as the German population, other domestic politicians and even EU equals say "we told you so."

Thank you, Britain.

The UK has voted to end its full membership of the European Union in a referendum, although the result has, at the time of writing, not been formally announced, the losers are actively working to create divisions within the country and turning to hostile rhetoric to foster their own agendas.

CoNet Section: 

The announcement by the US Treasury that it was implementing financial sanctions against North Korea should make no difference to most properly advised financial organisations.

BIScom Subsection: 

While the Conservative Party is seemingly on a course to self-destruction and Jeremy Corby wrestles with bizarre claims of anti-Semitism (the protesters don't appear to know what a Semite is) and both parties wondering how to spin the overall picture presented by last week's elections, Gordon Brown, one of, perhaps the primary, architect of the collapse of the British economy who failed to get a decent job in Europe and the IMF after his delusional claim that he saved the world, has weighed in. He's confirmed one significant fact that most politicians are reluctant to point out: the EU is, widely and fundamentally, a coalition of socialist states. Britain (at least parts of it) remain the only effective hold-out moderate, non-left-wing, state.

CoNet Section: 

If there is one day that we should be proud to be English, it's today. It's St George's Day and it's the day chosen to celebrate Shakespeare's 400th Birthday.

CoNet Section: 

If the UK leaves the European Union, it will have a choice as to whether to revoke, modify or retain laws that are imposed by reason of EU Directives. The Financial Sector is one of the areas most affected by EU-imposed laws. Here are three examples of relevant laws and the likely effect on the UK financial sector if the UK left the EU.

Editorial Staff

As UK politicians prepare their arguments against and, largely, for continued membership of the European Union, two important issues are being overlooked. First, this is not the UK's first referendum on membership of the European project. Secondly, the trenches are in very different places.

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