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The Future of Europe's Financial Centres

Karel Lannoo

ECMI Papers from Centre for European Policy Studies

Abstract: The intention of this article by Karel Lannoo is to subject European financial centres to a SWOT analysis, assessing their Strengths, Weaknesses, Opportunities and Threats. We start with a closer definition of the term financial centre and a classification of the different kinds of financial centres found in Europe. A second section analyses the extent to which EU legislation and in particular the Financial Services Action Plan (FSAP) may lead to an intensification of financial centre competition. In a final section, we make some assessments for the future.

Pages: 8 pages
Date: 2007-12
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