Corporation of London reviews Brussels lobbying

The Corporation of London is to review its account with GPC Market Access in Brussels, in a bid to improve its lobbying on European issues concerning the financial sector.

The Corporation of London is to review its account with GPC Market

Access in Brussels, in a bid to improve its lobbying on European issues

concerning the financial sector.



The Corporation wants to change the focus of its Brussels lobbying away

from local government issues to financial concerns, because Frankfurt is

becoming an increasing threat to the City. The German financial centre

will have an advantage over London because Germany will be one of the

first round of countries participating in a single currency and the UK

will not.



GPC Market Access has held the account for three years, and will be

invited to pitch for the new contract, due to start in April.



Judith Mayhew, chairman of the Corporation’s Policy and Resources

Committee, said: ’We are increasingly finding ourselves co-ordinating

City financial sector lobbying of the Parliament and the European

Commission.



’Although all institutions and members have their own arrangements there

are times when they need to speak with one voice and we often end up

co-ordinating that.’



The Corporation has already co-ordinated lobbying on issues such as the

Capital Adequacy Directive, which regulates commodity traders, and

argued against a ban on the practice of taping City employees’ telephone

conversations.



Conversations are taped to help combat insider dealing and other

financial fraud.



Analysis, p 7.



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