A lot of the necessary changes that have come on the regulatory side have rolled back the single market rather than enhanced it.
Banking union is also still a work in progress in part due to changes in the rules about capitalisation - this is being done on a national basis which is, of course, a step away from Europe-wide solutions.
The European Commission is most important to us as it initiates policy. The internal markets and services commissioner Michel Barnier has done very well managing the after-affects of the crisis, but looking ahead we would like to see a commissioner with more of a focus on promoting growth through open markets.
We will be taking a close interest in the composition of the European Parliament, especially the expected influx of MEPs who are there effectively to disrupt decision-making. Things are already quite difficult in the parliament for the UK as the Tories are sitting outside the mainstream conservative EPP bloc, which limits their influence when it comes to appointing rapporteurs, committee chairs and so on. That has been a problem. Our organisation has no choice to work with the government of the day, and if the main party of government has chosen to exclude itself in this way, that's pretty unhelpful.