Recently, there have been a number of articles lamenting a general loss of British influence within the EU. For the City of London, however, what counts is its clout in EU financial services regulation. What say does the City have within the European Commission, Parliament and Council? What are the greatest risks to the City’s voice being heard? It might surprise that the City’s influence could turn out to be part of the `collateral damage’ inflicted by President Putin of Russia as he obliges the EU to come to terms with its belligerent neighbour. In this, the most direct – and potentially damaging – consequences are most likely to flow through Council votes.
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