TheCityUK

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TheCityUK champions UK-based financial and related professional services. It is a membership body, lobbying on the industry’s behalf, producing evidence of its importance to the wider national economy. In the UK, the EU and internationally, TheCityUK seeks to influence policy which drives competitiveness, creating jobs and lasting economic growth. Its authoritative research and economic insight brings together the highest level of government and most senior industry figures, to shape better policy decisions, for the sector and its consumers.

TheCityUK produces evidence-based policy proposals on the issues that matter most to the industry, its members and the customers they serve. It promotes open markets and seeks to create the conditions which lead to business opportunities and economic growth. Its members enjoy unrivalled connectivity and profile-building across industry, government and the media.

TheCityUK’s programme of work falls into three main areas of activity;

  • UK Work Programme - TheCityUK provides a strong and clear voice to promote financial and related professional services in the UK creating evidence of the industry’s value, ensuring its benefits and economic contribution are understood, while driving the jobs and growth agenda.
  • EU Work Programme - The UK is Europe’s financial centre, accounting for over 2 million of the EU’s 11 million financial services jobs. TheCityUK has taken a leading role in producing robust evidence on behalf of its members to inform and shape the debate about the benefits financial services bring to the continent. Its evidence-based policy work shapes EU regulation to ensure the area remains competitive.
  • International Work Programme - Financial and related professional services are the UK’s biggest exporting industries, making a £55bn contribution annually to the balance of trade. TheCityUK works to maintain and improve international competitiveness for the UK by supporting market opportunities for its members, including through an extensive programme of work on trade and investment policy.

Liberalisation of Trade in Services (LOTIS) Committee[edit]

The Liberalisation of Trade in Services (LOTIS) Committee, is a working group within TheCityUK, established in 1981 to enable discussions on overseas trade with the UK Government.[1] It was founded under the chairmanship of Sir Malcolm Wilcox and is currently chaired by John Cooke;[2] Michael Palliser, Sir Derek Thomas, Sir Nicholas Bayne and Christopher Roberts [3] were previous chairmen.[1] Committee members represent Standard Chartered, British Bankers' Association, Lloyd's, Association of British Insurers, Law Society of England and Wales, Association for Financial Markets in Europe, TheCityUK, Institute of Chartered Accountants, Goldman Sachs, JP Morgan, Standard Life, HSBC, Thomson Reuters, BNP Paribas, and Prudential. Meetings are attended by representatives from HM Treasury, Department of Business, Innovation and Skills, and Foreign and Commonwealth Office.[4] A separate High Level LOTIS Working group was established in 1998 and was later chaired by Leon Brittan.[5][6]

The LOTIS Committee formed a separate working group for discussions specific to the Transatlantic Trade and Investment Partnership. The TTIP Working Group consists of representatives from Thomson Reuters, The Law Society, JP Morgan, HSBC, Goldman Sachs, IUA, Lloyd's, Deloitte, Association for Financial Markets in Europe, Standard Chartered, and TheCityUK.[7] Meetings are attended by representatives from HM Treasury and Department of Business, Innovation and Skills.[7]

References[edit]

  1. ^ a b "30 years of the LOTIS Committee". TheCityUK. Retrieved 8 September 2014. 
  2. ^ "Global Services Industries Highlight TISA Importance". Retrieved 8 September 2014. 
  3. ^ "World Services Congress Hong Kong 2001" (PDF). Hong Kong General Chamber of Commerce. Retrieved 8 September 2014. 
  4. ^ "LOTIS Minutes January 2014" (PDF). What Do They Know?. Retrieved 8 September 2014. 
  5. ^ "LOTIS Committee Linking up GATS and Corporate Political Power". Corporate Watch. Retrieved 8 September 2014. 
  6. ^ "The WTO's Hidden Agenda". Retrieved 8 September 2014. 
  7. ^ a b "LOTIS Minutes June 2014" (PDF). What Do They Know?. Retrieved 8 September 2014. 

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