London Hosts Major International Finance Forum
City Week 2013, the International Financial Services Forum, starts today (22 April 2013) with representatives from across the global financial sector including senior politicians, regulators and financial practitioners gathering in London to debate the challenges they face as they look to drive growth in the global economy. Speakers will consider topics such as the future of the Euro and the implications of a European Banking Union, corporate culture and ethics in the financial world and the global agenda for reform.
The event is a partnership between UK Trade & Investment, TheCityUK and City & Financial Conferences and will include opening addresses from His Excellency Ambassador Liu Xiaoming, Chinese Ambassador to the UK and Greg Clark MP, Financial Secretary, HM Treasury.
Commenting on the Forum, Chris Cummings, Chief Executive, TheCityUK said:
“City Week is a unique gathering of the world’s leading figures from global finance. It offers a vital opportunity for London to showcase its strength and expertise as the world’s leading financial centre.
“London acts as an entry point to the Single Market and the EU. It is also a bridge between established western markets and growing eastern economies. However, London is facing ever stiffer competition from New York, Singapore, Hong Kong and Zurich. City Week allows those attending to experience first -hand what London can offer and for London’s financial leaders to share their experience and expertise.
“A significant number of delegates are from fast track economies around the world, including Brazil, India and China. The conference provides a major forum for the exchange of ideas – including how London and the wider UK can work with other centres to help them grow their international finance capabilities. We want to share our long term expertise in key areas – including law, regulation and supervision and training – to help develop frameworks in which new international financial centres can flourish. This extends to encouraging strong ethics and codes of conduct from the start to foster respect and trust – a topic I am debating at the Forum.
“London’s collaboration with our global partners in finance can only be to the wider benefit of our sector, driving expansion in international financial services and fuel ling the global economy.
“We should be proud of our global excellence in financial services, one that is complemented by our world class professional services sector. The sector learnt some hard lessons during the financial crisis and has set about reforming itself to win back the trust of its customers.”
Image by Phillip Perry [CC-BY-SA-2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons