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
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
’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
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 are taped to help combat insider dealing and other
Analysis, p 7.