Malcolm Levitt: Getting Brussels Right - ‘Best Practice’ for City firms in handling EU institutions
10 January 2011
This report – the product of 68 interviews with key players in Brussels and London – reflects a concern that too many UK firms in the financial services field are missing a trick when it comes to Europe: they are not handling the Brussels bureaucracy as well as they should.
The City faces unprecedented regulatory and supervisory challenges from EU initiatives. Many firms need to raise their game by emulating the best - which includes firms in other, non-City sectors.
This study looks at how City firms engage with the EU and at their effectiveness. It is based on 68 interviews conducted on the basis of anonymity. It has come about as a result of the author's deep concern at how well the City is responding to the challenges of a more difficult political environment in Europe.
Like it or not, the City is a strategically important element of the British economy, and we cannot afford to get it wrong.
