"The Role of International Financial Services in Driving the Global Economic Recovery” City Week, London’s annual premier international financial services forum, will take place from 24 – 26 March 2015. The focus of the event this year will be on the importance of international financial services and collaborative efforts in driving the global economic recovery.
More than 800 delegates from around the world, along with senior global practitioners and prominent UK and international politicians, will gather to discuss the most pressing matters affecting the industry, debate the challenges, and identify solutions and actions.
The Rt Hon Philip Hammond MP, the UK Foreign Secretary, said:
At a time when the global recovery still faces significant headwinds, the role of international financial services as a driver of global economic growth is more important than ever.
“I am delighted that the UK Government, TheCityUK, and City & Financial are hosting City Week, bringing together leaders in the international financial services sector and senior government representatives to discuss financial reform and greater global prosperity at this unique event.
Chris Cummings, Chief Executive, TheCityUK, said:
Financial services are at the heart of the global economic recovery and London’s City Week presents a unique opportunity for senior industry practitioners and policymakers to meet and discuss the best way forward. Here in the UK, the financial and related professional services industry is a major contributor to the economy in itself – its 2.1 million employees contribute 12% to UK GDP annually – and through its products and services it also underpins growth across the broader economy.
City Week 2015 will feature an impressive range of speakers, a small selection of whom are detailed below:
Foreign governments and regulatory agencies: Ashley Alder, Chief Executive Officer, Securities and Futures Commission, Hong Kong; Sarah Bloom Raskin, Deputy Secretary, U.S. Department of the Treasury; Vitor Constancio, Vice-President, European Central Bank; Andrea Enria, Chairperson, European Banking Authority; Steven Maijoor, Chair, European Securities Market Authority; Dr Rakesh Mohan, Executive Director, International Monetary Fund and Former Deputy Governor, Reserve Bank of India; and H.E. Liu Xiaoming, People's Republic of China Ambassador to the United Kingdom.
Financial institutions: Ashish Chauhan, Managing Director and Chief Executive Officer, Bombay Stock Exchange; Douglas Flint, Group Chairman, HSBC Holdings plc; Martin Gilbert, Chief Executive, Aberdeen Asset Management; Sir Gerry Grimstone. Chairman, Standard Life and Chairman, TheCityUK; Andrea Preuss, Chief Executive Officer, Eurex Frankfurt AG; and Xavier Rolet, Chief Executive Officer, London Stock Exchange.
UK Government and Her Majesty’s Official Opposition: Andrea Leadsom, Economic Secretary to the Treasury and MP for South Northamptonshire; Chris Leslie MP, Shadow Chief Secretary to the Treasury; Rt Hon Steve Webb MP, Minister of State for Pensions, UK; Rt Hon Hugo Swire MP, Minister of State, Foreign & Commonwealth Office; James Duddridge MP, Minister for Africa; and Priti Patel MP, Exchequer Secretary to the Treasury.
A full list of speakers and the event programme can be found at here.
Key issues to be covered at City Week 2015 include:
- China’s role in the world economy: making the RMB a global trade currency and related issues
- Expanding Europe’s trade in international financial services
- Getting Europe back on a growth trajectory
- Digitalisation of financial services: what will separate the winners from the losers?
- International derivatives – is the system fixed?
- Political risk in a rapidly changing geopolitical environment
- Competition and collaboration between global financial centres to drive economic growth
- How far are we from the finishing line for global regulatory reform?
- Prospects for the global economy
- Financing the next billion - growth of opportunities in financial services in Africa
- Pension reforms across the world
- Establishing closer ties and deeper financial cooperation with India under the new government
- Creating a western hub for Sharia-compliant financial services
- Financing the cities of tomorrow