September 21, 2010

Colin Grassie addresses City Week on London’s future as a financial centre

Thoughtful debate among the financial industry’s stakeholders is key to securing the global financial system for the future, according to Colin Grassie, CEO for Deutsche Bank in the UK.

Grassie was addressing attendees on Monday at London City Week, a forum comprising three days of high-level conferences. During City Week, leaders from the international financial services industry share their views on the key issues facing the financial sector.

Speaking at the event on the UK’s role in the EU financial markets, Grassie told the audience that the financial landscape will change as regulation comes into force. He stressed that London will remain one of the world’s largest financial centres, citing London as ‘uniquely international’ and benefitting from innovation, sophisticated financial infrastructure and international talent.

Deutsche Bank will also run sessions during the week on carbon trading, green technologies and private wealth management.

Other speakers at the event included Sir Win Bischoff, Chairman of Lloyds Banking Group, Mark Hoban, Financial Secretary to the Treasury, and Jim Mather, Scottish Minister for Enterprise, Energy and Tourism. 

Grassie told attendees that Deutsche Bank, as a global organisation, is proud to choose London as the base for its investment bank.
Concluding his speech, Grassie said: “We all know that a strong financial sector is essential to finance future growth. The challenge now for policymakers is to tax and regulate the sector in a way that is appropriate to a multi-polar world.”

“The UK and Europe are in a strong position to help redefine the global framework needed to achieve that”, he added.


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Last Update: October 11, 2010
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