Elected on 12 July 2017



Michael Gahler MEP/EPP, President


Karl von Wogau, Secretary General


Ioan Mircea Pascu MEP/S&D, Vice-Chairman


Olivier Jehin, Communications Officer


Christine Leurquin, Treasurer


Josepha von Metternich, Director




Members of the European Parliament


Anna Maria Corazza Bildt MEP/EPP, Member of the Committee on the Internal Market and Consumer Protection, Sweden


Herbert Dorfmann, MEP/EPP, Member of the Committee on Agriculture and Rural Development, Italy


Ana Gomes, MEP/S&D, Member of the Committee on Foreign Affairs, Member of the Subcommittee on Human Rights, Member of the Subcommittee on Security and Defence, Portugal


Michael Gahler, MEP/EPP, Member of the Committee on Foreign Affairs, Member of the Subcommittee on Security and Defence, Germany


Ioan Mircea Pascu MEP/S&D, Vice-Chair of the Committee on Foreign Affairs, Member of the Subcommittee on Security and Defence


Paul Rübig MEP/PPE, Member of the Committee on Industry, Research and Energy, President of SME Global, Austria


Rainer Wieland MEP/EPP, Vice-President of the European Parliament, Member of the Committee on Legal Affairs, Member of the Committee on Petitions, Germany




Members from other Institutions, Academia and Experts


Marco Becht, Executive Director, European Institute of Corporate Governance


Graham Bishop, Adviser European Financial Affairs,, former Rapporteur to the EU's Interinstitutional Monitoring Group


Rainer W. Boden, Adviser, Financial Services


David Doyle, EU Policy Adviser, The Genesis Initiative


Malcolm Harbour, former Member of the European Parliament, United Kingdom


Olivier Jehin, Rédacteur en Chef, Europe Diplomatie & Défense


Jean-Claude Lahaut, Expert


Astrid Lulling, former Member of the European Parliament, Luxembourg


Frédéric Mauro, Lawyer


Alexander Radwan, Former Member of the European Parliament, Member of the German Bundestag


Christa Randzio-Plath, Prof. Dr. h.c. University of Hamburg, former President of the European Parliament’s Committee on Economic and Monetary Affairs


Karl von Wogau, Former Member of the European Parliament, Secretary General of the Kangaroo Group





Members from Industry, Services and Trade



Leo Baumann, Nokia


Frédérique Biston, Vice President, Head of Volvo Group Representation


Marie De Saint Chéron, Safran Group


Emmanuel Jacob, Euromil


Hans-Jürgen Kerkhoff, Wirtschaftsvereinigung Stahl


Michael Langer, Senior Vice President External Affairs EU/NATO, Head of DIEHL Representation Brussels


Charles Laroche, Owner Laroche Conseil, Senior Advisor to IFRA


Christine Leurquin, VP, Institutional Relations, SES


The Kangaroo Group aisbl
Rue Wiertz 11

tel: 0032 2 280 60 95

fax: 0032 2 280 07 84



Next Events



Wednesday, 2nd September 2020 from 13:00 to 14:30 hrs  


“The Revised MiFID II regime - targeted or full revision?”



Markus FERBER MEP, Chair, KG Financial Services Working Group


David DOYLE, Member of the Board, Kangaroo Group


Markus FERBER MEP, ECON member and Rapporteur on MiFID II/MiFID

Tilman LUEDER, Head, DG FISMA, Securities Markets Unit, European Commission

Georg HUBER, Head of Office, Deutscher Sparkassen- und Giroverband (DSGV)

Benjamin QUATRE, Director in charge of European and International Public Affairs and Export Finance, French Banking Federation (FBF)

Andreas STEPNITZKA, Senior Regulatory Policy Advisor, European Fund and Asset Management Association (EFAMA)  

... read more



Tuesday, 8 September 2020 an online-Debate from 13:00 to 14:30 hrs


 “Is EU4Health the solution for public health emergencies ?“



Cristian-Silviu BUSOI MEP, EPP/Romania, Chair of the Committee on Industry, Research and Energy and Member of the Committee on the Environment, Public Health and Food Safety

Matthew HUDSON, Director for Resource Management and better Regulation, DG SANTE

Dr. Steven CHATFIELD, Independent Consultant on Infectious Disease and Emergency Preparedness and Response; Author of the European Parliament Expert Report on ‘Member States’ Preparedness for CBRN Threats 

Dr. Karsten FALK, Competence Center EU Civil Protection and Disaster Assistance, Johanniter International

Levent ALTAN, Executive Director, Victim Support Europe

... read more


    Dear Friends of the Kangaroo Group,
the curfew announced by the Belgian authorities they have asked to favour telework in order to slow the spread of covid19.
Therefore all events organized by the Kangaroo Group are cancelled or rather postponed.
The Kangaroo Group's staff will work remotely for the entire period required and you can reach us via email.
Hoping that these restrictive measures will allow us to continue working under correct conditions and that we can soon resume normal activity. We will keep you informed about our planned events foreseen for the coming month'.
Many thanks for your understanding and take care of yourselves,
Josepha & Florence     

Recent Publications

The City could find it cold in “Canada”


Discussion paper from Kangaroo Group Member Graham Bishop


New Year media reports suggest the UK Government thinks the EU27 is bluffing when chief negotiator Barnier states that UK-based banks will lose their “passports” to do business in the EU27. Instead, DexEU Secretary Davis has called for a “Canada plus plus plus” trade deal – implying that financial services will not find themselves at a disadvantage.

... read more

Euro “clearing”: Liability and Location 

Discussion paper from Kangaroo Group Member Graham Bishop

"The key interest rate contracts cleared in the UK are more than 50 times UK GDP, and 10 times the Eurozone’s GDP. Put starkly: €117 trillion of euro derivatives may have to be supported by liquidity based on the ECB’s €0.011 trillion capital and that of National Central Banks."

read whole artice below

Euro “clearing”: Liability and Location

16 January 2017

This issue of `clearing’ is likely to come to a head quickly once Article 50 Notice of `intention to leave’ is served by the UK - as a direct consequence of the G20 commitment to ensure there are no more taxpayer-funded bailouts of EU financial institutions. Post Brexit, Eurozone Member States are likely to be very concerned about capital market activities denominated in euro that – in a crisis – could create liabilities for their taxpayers. At that stage, UK-based financial firms will not be subject to EU law and therefore outside the ECB’s ability to enforce any necessary managerial change – unless the UK agrees to surrender control to EU institutions. 

However, it is very disturbing to an outsider that, eight years after the Lehman crash, there are still good grounds for concern in a systemic crisis– especially flowing from the “clearing” of euro:

ESMA 2016 stress test “A CM defaulting in one CCP would also be considered to be in default in all CCPs, in which it is a member, leading to more than 25 CM defaulting EU-wide…” 

The Commission’s December 2016 CCP Resolution Proposal “No Member State has yet developed a full national regime for CCP recovery and resolution which fully complies with the G20-endorsed FSB principles, including as regards the need for effective coordination and oversight against cross-border spill-overs.”

The magnitude of the risks are extraordinary: The key interest rate contracts cleared in the UK are more than 50 times UK GDP, and 10 times the Eurozone’s GDP. Put starkly: €117 trillion of euro derivatives may have to be supported by liquidity based on the ECB’s €0.011 trillion capital and that of National Central Banks. Any resultant credit losses would be a major political concern for Eurozone taxpayers, governments and Parliaments.

Does the EU27/ECB need to “do” anything further about Brexit? The ECB’s post-Brexit re-statement of its “oversight policy” provides a powerful analysis – implicitly - of the post-Brexit situation when it would have no powers to “induce change” in critical offshore financial market infrastructures. Once the Article 50 Notice has been served, all UK firms will be fully aware that their “EEA Authorisation” will expire at the moment of Brexit so they will need to make their own plans to continue their EU business.

The working assumption must be that the UK will not be a part of the European Economic Area (EEA) so any bespoke arrangement (normally taking the form of a Treaty) may require significant adjustment to many EU Directives and Regulations. The much-discussed “transitional arrangements” for UK firms might not be “in force” before 2023, given the necessary legislative processes. As risk-averse clients recognise the new risks, they may exercise their freedom to move their derivative positions to CCPs in a market where they can have a high degree of confidence that the ECB would supply liquidity in a crisis.

A major loss of derivatives business could worsen the UK’s balance of payments deficit by a third from its current record deficit - even at modest profitability levels for the derivative book. Parliament should require the BoE to analyse and publish the balance of payments implications in detail.

Original Text by Graham Bishop
Euro clearing 550 word article_FINAL.pdf
PDF-Dokument [108.8 KB]

Eurocorps as a pilot project for the European Defence Union


Discussion Paper on the basis of a meeting of the Kangaroo Group with General Ramirez


The decision of the United Kingdom to leave the European Union makes it necessary to rethink the European Union from the beginning. We have to ask ourselves what the citizens really expect from the European Union. In the past seventy years the European Union has made a major contribution to the security and prosperity of the European nations.

read more ...

Future of the Eurocorps


At a meeting with members of the Eurocorps in Strasbourg Karl von Wogau, Secretary General of the Kangaroo Group and Honorary Member of the European Parliament, stated that the Eurocorps should be moved into the center of the Common Security and Defence Policy. It should become the Preferred Headquarter of the European Union. Moreover its five framework nations France, Germany, Spain, Belgium and Luxembourg should take the decision to put the Eurocorps at the permanent disposal of the European Union.

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In the present discussion about Monetary and Political Union the opinion is often heard that a Political Union consists in total harmonization. But this is certainly not what we want to achive. The strength of Europe is its variety and the peaceful competition between its Member States. On the contrary the hard core of a Political Union is a common foreign and defence policy.  ...


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The Role of the Multinational Corps


The European Council in June has not been very encouraging for those who believe in the necessity of an autonomous Security and Defence Policy of the European Union. Public attention was taken by the problems of Greece and the drama of the refugees in the Mediterranean. The discussion about Security and Defence took only a very short time.

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Europe War and Peace


The author looks at general rules for peace preservation from Kant, Fukuyama, Einstein and Freud as well as Henry Kissinger and tries to draw conclusions for the present security situation of Europe. The presentation was in October 2015.

more ...