Finance committee  I think you need to remember our starting point. London is by far the biggest foreign exchange centre in the world anyway, and that has been an essential foundation on which we have built the work. I think the second point is to be inclusive. In looking through the list of the 1

Finance committee  I do indeed.

Finance committee  I think I'm okay for 40 minutes.

Finance committee  I'm sure it should be friendly and competitive, but indeed, we welcome the development of RMB trading around the world. I suppose the one thing that's a bit different from other markets in dealing with China is that symbolism is quite important. The establishment of a clearing

Finance committee  They do indeed. We have a number of the North American banks involved in the initiative. They will trade everywhere that it suits them. They're certainly fully involved in our initiative, and they played a very major part in it.

Finance committee  Thank you, Chairman. I'm very pleased to be able to give this brief presentation. I'm up early. I'm the chairman of the City of London's policy and resources committee. The City of London is the local authority for the Square Mile. We do many other things as well. My role is the