REUTERS/Luke Macgregor/File Photo More By John Geddie FRANKFURT (Reuters) – Britain will have no choice but to stick with European Union banking laws when it leaves the bloc to avoid blowing a “huge hole” in its regulatory system, a financial industry lobbyist said on Thursday. Graham Bishop, a pro-EU consultant and leading figure in a forum of financiers seeking to advise the British government in Brexit talks, said the country’s reliance on EU regulation would prove a major problem when it decides to leave. “On the minute after midnight on the day we leave the EU, the regulations don’t apply. This would blow a huge hole in Britain’s regulatory system,” Bishop, who sits on the executive committee of the Financial Services Negotiation Forum, told an industry conference in Germany’s banking hub Frankfurt. “If all these regulations don’t apply, the European Banking Authority’s rules and their technical standards…most of them, not all, fall away.” Speaking to Reuters on the sidelines of the event, Bishop said the government would have to adopt European laws after Brexit because the sheer scale of the regulation meant it would take the government years to rewrite bespoke British laws. “Then they have not taken control, so you are much worse off because now you are following (EU regulation) slavishly and you have no control over it,” Bishop said. Bishop said rewriting the laws could also jeopardise banks’ “passporting” rights, which enable them to do business across the rest of the continent, if they were not viewed as equivalent with EU regulation. these details Ratings firm Fitch said on Thursday that a worst-case withdrawal of passporting rights in medical underwriting interview questions isolation is unlikely to be a ratings changer for major UK banks and international banks with large operations in the UK. (Reporting by John Geddie; Editing by Mark Trevelyan) Reblog
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A.hallenge consulting firms face in meeting their carbon neutrality goal comes from travel – and consultants really rank in those frequent flyer miles. Many top consultancies have already begun practising sustainability consulting or at the minimum have publications devoted to the area. Role of a Sustainability Consultant Management consultants are in a prime position to motivate companies to embark on corporate sustainability . They have access to and the attention of top executives. In addition to the large consulting firms, boutique consulting firms specializing in sustainability consulting have sprung up in the past decade and these tend to have more innovative and targeted offerings than the big consulting firms. Although it should be noted that established consulting firms have much bigger budges and greater resources to develop their sustainability practices. Kearney has been ‘carbon neutral’ since 2010. And that’s something consultants are in a prime position to advise on.
| Keep up with hot topics in programming with InfoWorld’s Application Development newsletter . ] It would provide “fair and even governance,” with no single vendor dominating, and handle responsibilities like legal and technical infrastructure, as well as trademark and copyright assignment. MicroProfile.io has taken the stance that Oracle, which oversees Java, has been too dominant in Java’s development. “We expect to move fast with technology that developers can play with immediately, with no restrictions, and we’ll do that in a collaborative and inclusive manner, not just big vendors,” Sharples said. “We’ll get the technology refined and fit for purpose then standardize ideally through the JCP [Java Community Process] at some point.” A formal Java Specification Request is expected to be filed for MicroProfile. But Sharples stressed a need to reform the JCP, which he said is not an attractive standards body to many because it’s dominated by Oracle and has fairly antiquated licensing rules. Also, the foundation would provide a single entity for legal representation, seek to boost participation and provide publicity, Sharples said. MicroProfile.io recently released version 1.0 of MicroProfile, which is intended to pick up the slack in in development of Java Enterprise Edition. Oracle has been criticized in recent months for stalling on Java EE, but the company is now set to jump-start development to cover microservices and cloud computing.
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