The International Regulatory Strategy Group (IRSG) is a joint venture between TheCityUK and the City of London Corporation. Its remit is to provide a cross-sectoral voice to shape the development of a globally coherent regulatory framework that will facilitate open and competitive cross-border financial services.
It is comprised of practitioners from the UK-based financial and related professional services industry who provide policy expertise and thought leadership across a broad range of regulatory issues.
Within an overall goal of sustainable economic growth, it seeks to identify opportunities for engagement with governments, regulators and European and international institutions to promote an international framework that will facilitate open and competitive capital markets globally and enhance the UK's position as an international centre for financial and related professional services (FRPS). Its role includes identifying strategic level issues where a cross-sectoral position can add value to existing industry views.
It is an advisory body both to the City of London Corporation, and to TheCityUK.
The IRSG believes that the overriding strategic goal for governments and industry alike should be sustainable economic growth and the financial security of our customers and clients.
The IRSG is made up of two distinct bodies:
- The Board
The City of London Corporation is a uniquely diverse organisation with three main aims – to support and promote the City as the world leader in international finance and business services; to provide high quality local services and policing for those working in, living in and visiting the Square Mile; and to provide valued services to London and the nation as a whole, including its role as one of the most significant arts sponsors in the UK and its support for the economic development of the surrounding boroughs. The City Corporation is older than Parliament and its experience and tradition underpin its modern role as the provider of key services. Elected Members, headed by the Lord Mayor, operate on a non-party political basis.
TheCityUK is the industry-led body representing UK-based financial and related professional services. We champion and support the success of the ecosystem, and thereby our members, promoting policies in the UK, across Europe and internationally that drive competitiveness, support job creation and ensure long-term economic growth. The industry contributes over 10% of the UK’s total economic output and employs more than 2.3 million people, with two thirds of these jobs outside London. It is the largest tax payer, the biggest exporting industry and generates a trade surplus exceeding that of all other net exporting industries combined. It also makes a real difference to people in their daily lives, helping them save for the future, buy a home, invest in a business and protect and manage risk.