The accession process is currently masterminded by the European Commission1. This is a massive task that deals with a huge range of issues from the essential to the mundane. This is largely a mechanical task, since there is not much to be discussed: the accessing countries must take on board all the acquis, as was decided a decade ago in Copenhagen.
New countries, old rules
However, the case of the exchange rate regime requires special treatment. The road map envisions a transition period that l
- Schoolgirl takes over management of Paraguay’s central bank
- European financial system is bigger and more concentrated, ECB says
- Treasury committee to investigate BoE’s lack of diversity
- UK’s FCA claims success after first year of ‘sandbox’
- CCPs say central bank access needed to avoid liquidity crisis