According to the Association for Financial Markets in Europe, “approximately 80pc of the business conducted by financial services firms in the UK comprises of services offered to non-UK residents That might be a little overstated for effect but still an interesting number. Quite large exporters of financial services,

According to research by the City of London Corporation, the credit crunch will cause 75,000 jobs losses in the financial services sector across Europe. Where does the blame lie in the midst of this economic turmoil? Well, Europe is at...

NEW laws to reform and strengthen the financial services industry look set to become law after two key planks were removed by the government.

2001: Financial services accounted for 5.5% of Britain's GDP 2007: Financial services accounted for 10.1% of Britain's GDP* In London the proportion doubles to 20% of the capital's GDP If you include professional services linked to the financial services sector the proportion rises to 14%. In London the proportion rises to 33% (double that of New York). I am not qualified to hazard ...

A small admission from Darling suggests we are perhaps not best placed to weather the global financial turbulence: "We are going to be affected more substantially in relation to the loss of revenues that we are now experiencing because of the lack of profitability in the financial services sector. London is the major financial services sector in the world... Of course we are more likely to be more...

Little has changed. The UK government still sees financial services through the eyes of the financial services industry, writes John Kay

The tripartite system of financial regulation failed spectacularly in its mission to ensure financial stability, and that failure cost the economy billions, writes Mark Hoban.

UK Chancellor of the Exchequer George Osborne warned today (6 January) against talk of competition between London, Paris and Frankfurt in financial services, insisting that London is Europe's financial services centre and competes only with Asia and America.

The European Parliament has published its report on its budgetary and financial management during financial year 2008. It outlines the financial situation and the events which have had a significant influence on activities during the year (in parts I and II)and gives a synthetic account of the achievement of the objectivesfor the year (in part III). Source: European Parliament: Report on budgetary...

Consumers take centre stage in the Commission's Green Paper on Retail Financial Services, which lays down options on how to make retail banking and insurance services better and cheaper for EU citizens. However, the Commission, Parliament and industry are at odds over how to improve consumer protection and choice in retail financial services.