Syed Kamall MEP


Syed Kamall

Co-Chairman of the ECR Group; Member of Conference of Presidents

Parliamentary Committees:
International Trade; Economic & Monetary Affairs

Parliamentary Delegations:
Relations with the Maghreb countries and the Arab Maghreb Union; Parliamentary Assembly of the Union for the Mediterranean; Relations with the United States

Parliamentary Activities:
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"We need a more honest relationship with Turkey"

26 Apr 2017 @ 16:30

A new relationship is needed with Turkey that is based on co-operation, not the distant goal of European Union membership, Conservative MEP Syed Kamall told the European Parliament today.

Accounting standards need scrutiny to make sure banks behave

08 May 2013 @ 18:0

Conservatives MEPs today called for the regime for global accounting standards to be held up to thorough international scrutiny in light of the central role it played in causing the financial crisis.
The MEPs a series of key questions at a hearing in the European Parliament on the future of International Financial Reporting Standards.
With the European Commission set to commit to another six years of funding for both the International Accounting Standards Board and the European Financial Reporting Advisory Group - the bodies which respectively write the standards and grant them the EU's legal endorsement - the hearing flagged up several major areas requiring attention on in depth.
Host Syed Kamall MEP, Conservative MEP for London, said: "It cannot just be business as usual. We need to be sure we get to a regime which is clear and simple but also thorough and a powerful tool for better governance. Time is passing and this needs addressing now."
International Financial Reporting Standards (IFRS) are globally-recognised accounting standards that have been used in the EU for the accounts of banking groups and other listed companies for more than 20 years. Some investors believe that their complexity allows banks to misrepresent the reality of their balance sheets, making it hard to know what may be wrong with their finances.
Some of the standards are said to have contributed to the crisis, in particular those relating to how derivatives and losses on loans are recognised on balance sheets.
Dr Kamall, Conservative MEP for London, believes that fresh call for European banks to be stress-tested once more, to identify possible capital shortfalls, means transparency in banks' balance sheets should be top priority for the Commission.
He has been fighting hard to raise awareness of the issue at a European level.
At today's event, organised by the Association of Certified Chartered Accountants, he said: "The European accounting model has developed over several centuries and is about far more than simply providing information to the capital markets"
"Accounts in this context are drivers of better governance, not just about information for investors."
"It is important to discuss the extent to which IFRS, which run up to several thousand pages of rules, can achieve these aims. Often the more rules there are, the easier they are to get around."
"The G20 commitment is to strengthen the global financial system. We have to ask ourselves whether converging around complex, wordy accounting standards is something that will stave off future crises."

CETA: Conservatives welcome agreement but regret delay

27 Oct 2016 @ 13:30

Responding to the news that the Belgian government has finally reached an agreement on the CETA EU-Canada trade deal, Conservative International Trade joint spokesman Emma McClarkin MEP said: "It makes you wonder why they dragged this out so long. Justin Trudeau could have been in Brussels signing this agreement today with fanfare. Instead he has cancelled his trip with a bad taste in his mouth.

"The credibility of the EU on global trade deals is in tatters following this debacle. CETA is one of the highest quality agreements ever negotiated, with a country that has values and standards very similar to our own. Other countries will now ask whether it is worth the time and effort conducting such deals with the EU. We need to show them that the EU can be a reliable trade partner."

Cheers for UK legal action over EU bonus interference

25 Sep 2013 @ 17:0

Reacting today to news that the UK is to take legal action against the EU over its planned cap on bonuses for bank employees, Syed Kamall MEP, Conservative spokesman in the European Parliament on economic and monetary affairs, said: "I welcome this move by George Osborne and I congratulate him for standing up to Brussels.

Commission benchmarking intervention is impulsive and out of proportion

18 Sep 2013 @ 17:0

Plans announced by the European Commission to regulate a huge range of financial and trading benchmarks were condemned today as disproportionate and needless.

Commission proposals on VAT rules a step in the right direction

06 May 2015 @ 12:45

Conservative MEPs have given a cautious welcome to proposals from the European Commission to ease the burden on microbusinesses caused by cross-border EU VAT rules.

Conservative MEPs secure EU support for small businesses over VAT rules

25 Mar 2015 @ 19:45

Conservative MEPs have won an assurance from a leading EU Commissioner over the party's campaign to ensure new VAT rules do not have an adverse impact on micro-enterprises.

Frans Timmermans, effectively President Jean-Claude Juncker's number two in the Commission, promised that the new rules would be examined to head off any harm to small digital companies through unintended consequences.

The so-called VATmoss rules mean that, from January 1st this year, businesses have had to collect VAT for each individual country they sell to, and keep the records of all their transactions for years.

The rules were brought in to stop big companies from abusing international tax rules, but unfortunately lawmakers did not foresee the emergence of digital micro-businesses, such as the sellers of e-books.

Conservative MEPs - backed by Prime Minister David Cameron - have been lobbying the Commissio! n to introduce a threshold, to ensure the new rules do not create extra burdens for micro-enterprises.

The Commission initially sought to blame national governments, and in a debate with the European Commission in Brussels today, Conservative MEP for the East Midlands Andrew Lewer commented: "When it comes to people raising concerns about obstacles, the Commission simply blames someone else".

However responding to Mr Lewer's concerns, Commission vice-president Frans Timmermans promised to evaluate the effects of the new rules, saying "We would never want this legislation to have adverse effects on small entrepreneurs who are often at the cutting edge of creating new employment".

Conservative MEP for London, Syed Kamall, welcomed the change in heart of the Commission and said "I think we finally have a glimmer of hope for the many small businesses who have been so badly affected by this rule change."

Conservative MEPs welcome microbusiness exemption from "VATmoss" rules

11 Sep 2015 @ 14:00

 Conservative MEPs have welcomed confirmation that the European Commission is to bring in an exemption from EU VAT rules for microbusinesses.    

Conservative MEPs: We can't end poverty without the private sector

21 Nov 2017 @ 14:00

Ahead of the EU-Africa Summit next week Conservative MEPs have called today for the private sector to take a leading role in the EU's development policy.

Conservative negotiator vows to resist "misdirected" proposals on fund-manager bonuses

21 Mar 2013 @ 13:0

The European Parliament's Economic and Monetary AffairsCommittee today approved by a small majority plans to cap the bonuses earned byinvestment fund managers.

Conservatives condemn "wrongheaded" proposal to cap fund-manager bonuses

19 Mar 2013 @ 13:0

An EU plan to extend bonus-capping powers into the field of investment management has been condemned by Conservative MEPs

Consumer protection measures undermined by MEP vote

22 Oct 2013 @ 14:0

Late last night, the European Parliament's Economic andMonetary Affairs Committee decided to add additional, unnecessary requirementsto investor-protection measures set out in the Key Information DocumentRegulation.

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20 Nov 2013 @ 9:0

Prime Minister David Cameron today congratulated Syed Kamall on becoming leader of Britain's Conservative MEPs.

EC told to think again on investor standards

01 Sep 2016 @ 16:30

Poor technical standards that could hurt high street investors have been rejected today by the European Parliament’s economics committee.

ECR spells out its priorities for the EU to Bulgarian PM.

17 Jan 2018 @ 10:00

Challenging Russian aggression, tackling migration and promoting organisational reform should sit alongside Brexit as the EU's priorities over the next six months.

EU acts on fire safety in wake of the Grenfell disaster

13 Sep 2017 @ 19:00

A system for pooling information on fire safety and sharing best practice is being established by the European Commission in the wake of the Grenfell Tower disaster.

EU migration policy must have public support

06 Sep 2017 @ 16:30

The EU will not solve the migration and asylum crisis by forcing reluctant countries to adopt rules they opposed from the beginning, according to Conservative MEP Syed Kamall 

EU-Japan deal could restore EU's credibility as a trading partner

21 Mar 2017 @ 16:00

Today's commitment between the EU and Japan to reach a speedy conclusion to trade talks is a positive step in the EU restoring its credibility following the delays in the EU-Canada trade deal.

The commitment was made by all parties when the Commission President Jean Claude Juncker and Council President Donald Tusk met Japanese Prime Minister, Shinzo Abe, today in Brussels. As negotiations enter their fourth year, both expressed hopes to conclude talks by the end 2017.

European Conservative and Reformist Chairman, Syed Kamall MEP, who is following the agreement as shadow rapporteur, said: “I welcome the today's commitment from both parties to speed up these talks.

“On the EU side, the world watched as the EU-Canada agreement was thrown into doubt at the eleventh hour. This is the EU’s opportunity to demonstrate once more that it is a capable trade partner, open to the world, and able to ratify ambitious, encompassing deals.

"On the Japanese side, now is the time for them to demonstrate a real commitment to a partnership with the EU and a willingness to engage fully over the negotiating table.

"Today’s events are a good start, but let’s get this agreement signed and bolster both Japan and the EU’s reputation.”

Together the EU and Japan’s economies account for more than a third of the world’s GDP. As a highly developed economy and a major global trading nation and investor, Japan is an important partner for the EU.

Dr Kamall MEP, Conservative MEP for London, added: “As a major investor in EU countries and consumer of our goods and services, it is vital that the EU signs a free trade agreement with Japan. Completing this agreement will mean more jobs, lower prices and economic growth. I welcome this commitment, but from both sides, we don’t need more words - what we need now is get on, finish the negotiations and sign the agreement.”             

Even the EU's lawyers now say its FTT is illegal

10 Sep 2013 @ 18:0

A leading Conservative MEP today called on the European Union to drop plans for a Financial Transactions Tax after it emerged that the bloc's own lawyers have determined it to be unlawful.

Funding for global accounting body finalised... but with strings attached

04 Dec 2013 @ 15:0

Negotiations on a controversial funding programme for the International Accounting Standards Board (IASB) have finally been concluded after months of discussions.

Global summit explores grassroots solutions to poverty

23 Jan 2018 @ 11:00

A major conference exploring how grassroots projects can provide lasting solutions to world poverty is taking place in London on Friday.

Good news as mango ban is lifted

20 Jan 2015 @ 17:0

A senior Conservative MEP today welcomed a decision to lift the EU's ban on mangoes from India.

Ground breaking ideas proposed to tackle poverty

26 Jan 2018 @ 01:00

A "do tank" to promote new ways of tackling poverty was amongst ideas floated at a high-level conference in London today.

Juncker has repeated the same old mantra

14 Sep 2016 @ 12:00

In today’s State of the Union debate in the European Parliament, Conservative MEP Syed Kamall, leader of the European Conservatives and Reformists Group, warned European Commission President Jean Claude Juncker that he had an opportunity to listen to the warning signs across Europe and alter the EU’s direction, yet instead we saw the same mantra as before.

Kamall calling: "No Bars" campaign to reach out from London

06 Oct 2015 @ 15:15

A campaign to highlight patchy mobile phone signals in London is set to go national.

Kamall condemns EU cash grab

24 Oct 2014 @ 12:0

The EU Commission's demand for £1.7 billion in additional funding from Britain has been strongly condemned by the leader of Britain's Conservative MEPs, Syed Kamall.

Kamall hails "huge opportunity" as Singapore trade deal finalised

17 Oct 2014 @ 13:45

Syed Kamall, leader of Britain's Conservative MEPs, today said the conclusion of the European Union's free-trade agreement with Singapore would mean a host of potential business openings for British and European enterprises.

Dr Kamall, MEP for London, commented "The opportunities involved are simply huge. As well as providing a major boost for professional and financial services companies in London and the rest of the UK, this highlights the importance in coming years of opening up trading relationships with key Far East partners and emerging markets."

Kamall slams "divide and rule" plan to split euro and non-euro MEPs

04 Feb 2014 @ 9:0

The leader of Britain's Conservative MEPs today condemned attempts to hive off certain key policy decisions to a separate "euro-only"' committee.

Kamall to Juncker: do you want your commission to be the last of an old era, or the first of a new era?

15 Jul 2014 @ 15:0

Where Jean-Claude Juncker proposes a forward looking agenda of leadership for a new era, the ECR will support him. However, when he looks backwards towards a more centralised European superstate we will propose a positive alternative, Syed Kamall, European Conservatives and Reformists Group leader, said in today’s speech ahead of Mr Juncker’s confirmation vote in the European Parliament.

Speaking in the chamber, Mr Kamall said that the ECR cannot support Mr Juncker for two reasons: namely the process that brought him to being nominated by the council (which has led to the ‘mother of all backroom deals’), and the fear that he is not the right man to lead an agenda of reform.

Kamall to lead Tory MEPs into 2014 election

19 Nov 2013 @ 14:0

Syed Kamall is the new leader of Britain's ConservativeMEPs.

Kamall welcomes investigative spotlight on bank accountancy standards

24 Sep 2013 @ 19:0

The European Parliament's Economic Monetary Affairs Committee today voted to press ahead with a major investigation into the international accounting standards used by banks (International Financial Reporting Standards or IFRS) and their role in the financial crisis.

Kamall: "Bonus ruling will alienate Britain"

20 Nov 2014 @ 11:0

Today's legal advice  on bankers' bonuses risks driving a further wedge between Britain and the EU, a senior Conservative said.

Kamall: All 751 MEPs must decide parliament's Brexit negotiator

08 Sep 2016 @ 17:00

After European Parliament President Martin Schulz today tried to appoint the leader of the fourth largest group in the parliament as the institution's only Brexit negotiator, the leader of the European Conservatives and Reformists Syed Kamall said:
"If the parliament wishes to appoint a Brexit negotiator then it must be a decision made by a majority of all 751 MEPs, and the person and persons to fulfil the role must be voted on by the full parliament.

Kamall: Commission bank proposals are too little, too late

28 Jan 2014 @ 15:0

Proposed structural reform of the banking sector across the EU will be too little too late to tackle fundamental problems that plunged the world economy into crisis.

Kamall: Conservatives, not UKIP, will give British people their say on Europe

01 Oct 2014 @ 10:30

Putting David Cameron back in Downing Street is the only way British voters can have their say over Europe in an in-out referendum.

Kamall: Court ruling hinders flexibility

22 Jan 2014 @ 12:0

Syed Kamall, leader of Britain's Conservative MEPs and spokesman of economic and monetary said he regretted today's ruling by the European Court of Justice over the regulation of so-called short selling."

Kamall: EU is sailing towards a European superstate.

13 Sep 2017 @ 13:00

Responding to European Commission President Jean-Claude Juncker's State of the European Union speech today Conservative MEP Syed Kamall, Co-Chairman of the European Conservatives and Reformists (ECR) Group, said:

Kamall: EU must address its "shocking" lack of racial diversity

07 Feb 2018 @ 15:00

The EU has been urged to put its house in order and address a "shocking" lack of racial diversity in the European institutions.

Speaking today in a European Parliament debate on rising socio-economic inequalities, Conservative MEP Syed Kamall, leader of the European Conservatives and Reformists group, pointed out the EU was still often accused of being a rich white man's club.

Kamall: EU needs to answer tough questions to resolve Med disasters

29 Apr 2015 @ 16:0

Speaking in a debate in the European Parliament on last week’s EU summit, European Conservatives and Reformists Group leader Syed Kamall - Conservative MEP for London - said that EU leaders have taken an important step forward, but serious questions must be answered both to stabilise the region, process applications, discourage people from making the journey, and target people traffickers.

Kamall: European Commission step in the right direction on reducing burdens

19 Jun 2014 @ 11:0

The leader of Britain's Conservative MEPs Syed Kamall has welcomed today’s announcement of further actions aimed at making some EU laws less burdensome and costly, following a long campaign by the ECR Group to ensure regulation is acting as a conduit for business, rather than a barrier.

Kamall: London football team's Brussels mission spreads the anti-terror message

01 Jun 2016 @ 17:15

"This is a cross-Channel show of unity - a celebration of the power of sport to change young lives and confound the extremists."

Kamall: More detail needed to ensure EU investment package unlocks private growth

26 Nov 2014 @ 14:15

President Juncker's €315bn EU Investment Package needs to unlock private investment, but it cannot be a substitute for economic reforms that will encourage more private investment into Europe's economy, Syed Kamall, leader of the European Conservatives and Reformists Group said this morning.

Kamall: on tomorrow’s summit: no easy answers to Europe’s many challenges

16 Dec 2015 @ 11:0

There are no easy answers or simplistic responses to the many challenges mounting in the EU such as the migrant crisis, terrorism and the UK renegotiation, Syed Kamall MEP, European Conservatives and Reformists leader, said today in a speech on tomorrow’s summit.

Speaking in the chamber in Strasbourg, he said:

Kamall: Retail investors will benefit from stronger protections

25 Feb 2014 @ 19:0

The leader of Britain's Conservative MEPs Syed Kamall today said an agreement on negotiations relating to the so-called UCITS 5 regulation on retail investment products would benefit investors.

Kamall: The EU and UK now need to look to the future

28 Jun 2016 @ 13:45

Speaking in a European Parliament debate this morning on the outcome of the UK Referendum, Conservative MEP Syed Kamall, Leader of the European Conservatives and Reformists group, said:

“The British people have spoken. Whatever our personal views, we should now all respect the democratic will of the British people work together and move on.

Kamall: The money is there and this EU summit needs to focus on unlocking it

17 Dec 2014 @ 12:15

Strasbourg, 17th December 2014 -- Tomorrow's EU summit is right to ask how it can break down barriers to private investment in Europe, but leaders cannot talk about competition in Brussels yet fail to reform their own economies at home, Syed Kamall MEP said today in a debate with the Commission President.

Kamall: Trump's ban will not make US great again

01 Feb 2017 @ 18:00

The European Parliament today debated the recent travel restrictions imposed by the Trump Administration.

Conservative MEP Syed Kamall, leader of the European Conservatives and Reformists group, said the arbitrary restrictions risk playing into the arms of extremists like Daesh. However he cautioned that hot heads of protest risk not only the new Administration ignoring its allies, but also risk exacerbating those people within Europe who have concerns about the ability of mainstream politicians to respond to their legitimate concerns.

Kamall: Tusk’s proposals show progress is being made on the four ‘baskets’

03 Feb 2016 @ 1:0

Responding to European Council President Donald Tusk’s draft proposals for a new settlement between the EU and UK, European Conservatives and Reformists Group leader and London MEP Syed Kamall said:

Kamall: We need to ensure both the EU and UK thrive post-Brexit

29 Mar 2017 @ 13:00

Following the submission of Article 50 today Syed Kamall, Chairman of the European Conservatives and Reformists Group, said:


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