CONNECT GLOBALLY


TheCityUK works to maintain and enhance the UK’s position as the leading global financial and related professional services centre and to help deliver an environment that promotes international trade and investment.

This programme of work is integral to our vision for the future of the industry, as discussed in our recent strategic report, ‘A vision for a transformed, world-leading industry’ and ‘UK financial and related professional services: meeting the challenges and delivering opportunities’. It is also informed by the ‘Future UK Trade and Investment Policy: TheCityUK submission’  and ‘Legal Excellence, internationally renowned: UK legal services 2017’.

Currently, the UK’s nearest rival as a truly global financial centre is New York. However, an increasing number of specialist and regional centres including Singapore, Hong Kong and Dubai are developing capabilities and specialities. This greater competition will ultimately challenge companies to innovate and improve the services they provide – areas of traditional strength for the UK.

The UK’s open regulatory environment, excellent infrastructure and connectivity, integrity of its legal system and pool of skills and talent are all competitive advantages which contribute to its attractiveness as a place to invest. Maintaining these strengths are the best way it can continue to attract high levels of foreign direct investment (FDI) in financial and related professional services and the wider economy.

At the same time, the industry expertise that we provide through our members (such as in capital markets development, FinTech and Islamic finance) is a means of influencing policy to strengthen trade and investment and build deeper partnerships with developed, emerging and niche markets.

Our work with the Financial Services Trade and Investment Board (FSTIB) supports this activity. We help deliver the financial services component of an increasing number of bilateral government dialogues.

Brexit brings its own challenges and opportunities, but from a trade and investment perspective, one of the most significant opportunities  once the UK leaves the EU will be the ability – for the first time in decades – to pursue an independent UK trade and investment policy based on UK interests. Given that over the next 10-15 years 90% of global economic growth is expected to be generated outside Europe, these markets must be a priority focus for the country post-Brexit. Regulatory coherence must be a vital element of any new approach, as must active promotion of applying and development of international standards and policy that cater for all features of services.

Our International Trade and Investment Group (ITIG) brings together senior members from across financial and related professional services with expertise in international markets and policy issues, and in running international businesses. It oversees all of our internationally-focused work.
You can learn more about our wider programme of work in this area here [insert link]. We cover all the major markets and regions:

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