International trade and investment

Our international strategy aims to secure the UK’s status as the world-leading international financial centre.

Our international work

Our international strategy aims to secure the UK’s status as the world-leading international financial centre.

"The government wholeheartedly supports [TheCityUK’s international strategy] recommendations and is already putting many of them into action.”

Rt Hon Greg Hands MP

Key facts about the UK as an international financial centre: 

THE UK’S TRADE SURPLUS IN FINANCIAL AND RELATED PROFESSIONAL SERVICES IS
£92BN

THE UK HAS OF THE GLOBAL TOTAL OF
38%
FOREIGN-EXCHANGE TURNOVER

LONDON HOSTS AROUND
170
FOREIGN BANKS OR BRANCHES

THE LONDON MARKET EMPLOYS MORE THAN
48,000
PEOPLE AND EARNS MORE THAN $120M ANNUALLY IN PREMIUMS

THE UK HAS
14%
OF THE GLOBAL TOTAL OF CROSSBORDER LENDING

THE UK’S EQUITY MARKET CAPITALISATION WAS
90.6%
OF ITS GDP AT THE END OF 2022

A key priority of our strategy is to contribute to the development of an independent UK trade and investment policy that promotes the international growth of member firms and advances the UK’s world-leading position in financial and related professional services. With the support of our International Trade and Investment Group, we do this by:

  • encouraging collaboration between industry, government and regulators to promote the UK’s international competitiveness, grow the UK’s share in global financial and professional services’ markets, and build new capabilities in key areas of future growth
  • developing and maintaining bilateral trade and investment relationships with major trading partners and countries which present significant opportunities for UK-based companies
  • ensuring these key relationships help deliver UK ambitions in plurilateral and multilateral contexts, influencing the future shape of the UK’s regulatory, legal and tax regimes and the approach of its regulatory and supervisory authorities; this includes the evolution of the frameworks affecting businesses as they adapt to technological, environmental and social change
  • developing potential opportunities for the industry in developed, emerging and niche markets
  • supporting key market initiatives and services trade
  • continuing to be a partner to UK Government efforts to deepen economic relationships with key markets such as the US, China, Switzerland, Japan and Singapore
  • drawing on work of the International Regulatory Strategy Group (IRSG) on international standards and multilateral/cross-cutting regulatory issues across different markets to advise the work of the Market Advisory Groups.

Further key facts about the UK as an international financial centre: 

THE UK ACCOUNTS FOR
38%
OF GLOBAL FOREIGN-EXCHANGE TRADING

AROUND
TWICE
AS MANY US DOLLARS ARE TRADED IN THE UK AS IN THE US

OVER 410 ACTIVE SUSTAINABLE BONDS WERE LISTED ON THE LONDON STOCK EXCHANGE (LSE) FROM OVER 120 ISSUERS IN 2022, WHICH HAVE RAISED AROUND
£160.4BN

THE UK ACCOUNTS FOR
5.4%
OF GLOBAL INSURANCE PREMIUMS

THE UK PRIVATE EQUITY MARKET IS THE MOST DEVELOPED IN THE WORLD OUTSIDE THE US. UK PRIVATE EQUITY FUNDS INVESTED
£44.7BN
THE LARGEST AMOUNT IN EUROPE, IN 2022

UK-BASED ISLAMIC BANKS’ ASSETS REPRESENT 85% OF TOTAL EUROPEAN ISLAMIC BANKING ASSETS
(EXCLUDING TURKEY); AROUND
£5.3BN
IN 2022

Find out more about our international work:

International outcomes and activity

We have continued to deliver on our ambitious international strategy, securing key outcomes for members, including influencing government policy and minimising the impact on trade from the growing number of data localisation regimes.

Key facts about the UK as an international financial centre 2023

The UK is one of the world’s leading international financial and related professional services hubs, with London central to this position.

TheCityUK International Conference

Our International Conference 2024 will bring together influential leaders from across the financial and related professional services industry.

An international strategy for the UK-based financial and related professional services industry

Our strategy outlines steps which can see the UK regain its status as the world’s No.1 international financial centre within five years.

Our latest international work:

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Register now for our International Conference 2024:

TheCityUK International Conference 2024

TheCityUK International Conference 2024 will bring together influential leaders from across the financial and related professional services industry...

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