From gentlemanly capitalism to lobbying capitalism: the city and the EEC, 1972-1992

Drach, A. (2020) From gentlemanly capitalism to lobbying capitalism: the city and the EEC, 1972-1992. Financial History Review, 27(Spec 3), pp. 376-396. (doi: 10.1017/S0968565020000207)

[img] Text
223413.pdf - Published Version
Available under License Creative Commons Attribution Non-commercial No Derivatives.



The City of London has long attracted much academic and popular attention. However, little research has been done on the relationship between the City and the European Economic Community in the 1970s and 1980s, despite the accession of the United Kingdom in 1973. Based on archival material from central and commercial banks in the UK and France, this article explores the relationship between the City and the EEC, from the accession of the UK to the EEC in 1973 to the Maastricht Treaty in 1992, which was meant to be the year of the completion of the single financial market. The article explores two areas: the influence of the City on EEC financial regulation, and how this influence was exerted. It pays particular attention to two committees chaired by the Bank of England, the City Liaison Committee and the City EEC Liaison Committee, and to British banks. The article argues that if the EEC played a part in the formalisation of British banking regulation, the City also played a key role in shaping EEC plans for financial regulation.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Drach, Dr Alexis
Authors: Drach, A.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Financial History Review
Publisher:Cambridge University Press
ISSN (Online):1474-0052
Published Online:10 November 2020
Copyright Holders:Copyright © 2020 European Association for Banking and Financial History e.V.
First Published:First published in Financial History Review 27(Special Issue 3): 376-396
Publisher Policy:Reproduced in accordance with the publisher copyright policy

University Staff: Request a correction | Enlighten Editors: Update this record

Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
173755EURECONEmmanuel Mourlon-DruolEuropean Research Council (ERC)716849BS - Management