City bolsters Euro links with Brussels outpost

The Corporation of London is attempting to strengthen relations between the City and the European Union’s (EU) government by establishing a new Brussels-based office.

The “City Office in Brussels”, will be lead by the Financial Services Authority’s current head of international policy David Green.

Scheduled for April, the office will open as the EU gears up for the first round of enlargement when a number of accession countries will join the EU’s 15 member states.

The office is designed to represent the City of London as an international financial and business centre. Green will report to Sir Nigel Wicks, chairman of the committee in standards in public life and the former director of international finance at the Treasury. Michael Snyder, chairman of the Corporation’s policy and resources committee, will serve as deputy chairman.

Synder said, “Importantly, the City is a European asset and underpins nearly 200,000 jobs across the rest of Europe. The new Office will help European decision-makers understand better the needs of our financial markets – and the benefits they bring to the whole EU.”

In a further move to boost EU links, Lord Mayor of London, Alderman Robert Finch will visit a host of accession countries in a bid to promote City links.