Hartley? Hartley? Who The Heck Is Hartley?

I was delighted to be asked to give a ‘vote of thanks’ to my dear friend Archie Galloway, a former Common Councilman for Broad Street Ward:

“David Hartley – Arsonist By Appointment”

Vote Of Thanks To Historian Archie Galloway

Guildhall Historical Association, Guildhall, Monday, 9 January 2017

Chairman, fellow historians, To paraphrase Historian Galloway, the first time I heard of David Hartley (1732 – 1813), aka David Hartley the Younger to distinguish him from his famous father, was when I got an email last week asking me to give this vote of thanks. We’ll come to Archie’s record on introducing me to the unexpected later. lunette de soleil ray ban Archie read out Hartley’s obituary that concludes, “Hartley was, if not one of those who made history, at least was in singularly close touch with the stirring events of a most eventful period.” I think that obituary is slightly unfair, for while he may not have played on the very highest levels of the political or scientific fields, Hartley certainly followed his friend Franklin’s advice, “Either write something worth reading or do something worth writing”, by doing both well at his own level.david-hartley-english-diplomat-humanities-social-sciences-librarynew-york-public-library Sir John Stuttard at our last meeting pointed out the contributions of Alderman William Beckford supporting John Wilkes and, in turn, the American colonies. Archie points to the even deeper support, nay friendship, that David Hartley had with Benjamin Franklin. As part American, while aware of Franklin’s imperfections, I ‘revere’ (no, not Paul Revere) that immense polymath and politician, and envy Hartley his warm relationship. Over the weekend I had some time to browse some of the copious correspondence between the two men, and it was clearly a deep friendship that sustained itself through a bitter conflict. Air Jordan 4 Premium To discuss Hartley seems prescient scheduling as today’s news is dominated by the nature of the special relationship between our two nations and foreign influence on American politics. Even more unexpectedly, my morning was spent trying to help a new fire company producing a novel fire suppressant additive, of which Hartley would approve. Buty Adidas Damskie Given the state of politics today it is tempting to emulate Hartley and offer all politicians a breakfast upstairs while perhaps turning off the safety equipment. Brooklyn Nets Archie mentions John Jay in passing. John Jay (1745 – 1829) was an American statesman, one of the Founding Fathers of the United States, also a signatory of the Treaty of Paris, and appointed by George Washington as first Chief Justice of the United States. Jay was yet another in the anti-slavery movement which seems, as much as representation and taxation, to define the interactions of the transatlantic relationships at the turn of the end of the 18th century. nike air max homme pas cher Alongside Hamilton and Madison, Jay was one of The Federalist Papers triumvirate. While Jay wrote only four of the 85 papers, they were those “Concerning Dangers from Foreign Force and Influence”, issues that seem to have become more pressing of late. In a letter to Franklin, Jay looked back to the Treaty of Paris negotiations, recalling, “We worked in strange but successful concert. asics gel lyte 5 hombre rojas We had in common, I think, good will and good sense.1” I wonder how much of this common concert was engendered by sharing common values on important issues such as slavery, free trade, and the rights of men. I promised a word about Archie and the unexpected. adidas schoenen Without Archie I wouldn’t be standing here today. He converted me to the social side of Broad Street and the Ward Club. Then he encouraged me to become a Gresham Professor. I might note that Franklin was a Royal Society member and thus also involved with Gresham College in those days, as was probably Hartley and certainly Hartley’s father. Without Archie’s encouragement I certainly wouldn’t have stood for Alderman, and thus not have become a member of this esteemed Association. Goedkoop Adidas Y-3 Just as Archie bumped into the Conservators’ Chairman on Putney Heath, he bumped into me one day in 2007. As many of you know, my wife Elisabeth and I own a 1923 Thames Sailing Barge, Lady Daphne. The managers of London Bridge City Pier removed the water supply one day ten years ago leaving us parched along the river. Their reason? In an echo of Hartley, the hosepipe connection was a fire hazard. adidas ultra boost uncaged uomo As he did on Putney Heath, Archie took up our cause. He fought the health & safety lunacy and restored the supply. Goedkoop Nike Air Max Finally, I might note my surprise returning home one night across Tower Bridge to see that my friend also has his monument. His name is engraved on the 1994 Centenary Plaque on the south east tower of the bridge. Now, as historians, many of you will note the closing of the Whitechapel Bell Foundry, which sadly made both the crack-inclined Liberty Bell and the Economist’s 2016 Christmas obituary. I have brought along one of their hand chimes to toll the end of this vote of thanks, not least because I certainly don’t want to obtain a Hartley-esque reputation that my “rising always operates as a dinner bell”. I think you’ll agree that both David Hartley and Archie Galloway have obeyed Franklin twice over. Both write things worth reading and do things worth writing. [RING] May I ask you to join me in thanking Historian Archie Galloway and may I please propose: “That the paper be printed and circulated, and be made available for publication at a later date”.

British Red Cross Christmas Market @ Guildhall, 27 & 28 November 2017

Every other year the City of London hosts the British Red Cross Christmas Market at Guildhall. For 2017, the Guildhall Christmas Market will take place on Monday & Tuesday, 27 & 28 November.  Monday is a gala preview evening with a Royal visit.  It costs £40.  The market is open to the public Tuesday from 10.30 to 20:00pm. Tickets are just £5 and include a complimentary glass of wine.

This unmissable shopping experience will feature over 100 retailers, live music, and fun events. Be sure to pop into the indoor food market, outdoor German market, affordable art market, designer pop-up shop with unrivalled discounts, plus food and drinks workshops and tasting sessions.

This year it’s Elisabeth and my turn to co-chair the event.  We are actively looking for sponsors of all kinds, and the sponsorship package ideas are here – Christmas Market 2017 – sponsorship.  For example, you can:

  • be a Headline Sponsor (great association for large corporates), a Royal Reception Sponsor, a drinks sponsor, a Weihnachtsmarkt Sponsor (great for German or Austrian firms), a Foodiefest Sponsor (for catering and related trades);
  • donate an ‘experience’ such as a tour or work experience, or objects of value to the Silent Auction;
  • donate art to the Affordable Art Market;
  • or give a donation to help the British Red Cross.

BRC Christmas Market 2017


Whether you need to do your Christmas shopping, fancy enjoying a gluhwein or want find a designer bargain, make sure you visit this exciting Christmas Market, based in the heart of the City of London.  A Weihnachts Market in Guildhall Yard will also be open to spectators during the evening, where they can witness a spectacular demonstration from the Company of Pikemen and Musketeers.BRC photos
















More Information

Date: 27 November 2017 to 28 November 2017

Preview Evening: 27 November 2017: £40 (Includes re-entry on 28 November)

Public day: 28 November 2017: £5 (Entry is free after 5pm)

Add ons on the Public day:

2 course set Christmas Lunch 12.00 – 2.30 £20

Champagne afternoon tea 3.30 – 5.30 £20

Workshops £5 entry on the day

Tickets will go on sale from September 2017 

Address: Guildhall, Gresham Street, London EC2V 7HH

Contact: Laura Deacon

Telephone: 0207 877 7606

Email: ldeacon@redcross.org.uk

Surging Financial Crime In A Digitised World – Can We Turn The Tide?

Some remarks made before the CityForum Strategy Round Table on 3 November 2016 at the Guildhall.  Just before the publication of this ENISA report to which we contributed:


“May I offer a warm welcome on behalf of the City of London Corporation.  We are delighted to be hosting you today here in the heart of the City.

The growth of cyber-related businesses – and indeed the tech and digital economy in general – is of great importance to the City of London Corporation.  As we move more towards a more a digitally enhanced economy in the City of London, especially in light of the challenge we now face to our more traditional financial services offer by way of the political challenges that are ongoing.  The growth of new industries such as fintech and cyber enhance the role of the City of London as a world-class centre for business and professional expertise and services.

The City of London – both large institutions and small businesses  – are subject not only to political or economic challenges but also technological ones.  And whilst the level of expertise around cyber in our banks may be developed, there are always individuals – or even individual states – looking to undermine our dominance as a global hub.

Later today, my colleague Mark Boleat will address this gathering on the importance of international partnerships and how we can work together to meet those challenges.  We have made great strides in securing international partnerships to foster shared intelligence and prosperity in this space – and we are grateful to have Cyrus Vance joining us later, and we are grateful for his continued support for initiatives such as the Global Cyber Alliance.

But we also believe that there is an exciting ocyberpportunity here to harness the burgeoning tech expertise in the UK.  Our dominance of our more traditional financial services markets, markets which provide amazing access to both finance and services, talent and data, could enable us to create something new and secure not only for our digital way of life, but increase our general economic prosperity too.  We have in the past discussed the important role that insurance and reinsurance can play in making this risk ‘normal’.

And of course – that knowledge and expertise here in the City also includes our own Police force – the national lead for economic crime – and we are  fortunate to have them join us today as well, and to have the Commissioner, Ian Dyson, speaking.  Only by working in partnership with our Police and security forces can we begin to build a prosperous City which is secure, confident in its own abilities, and ready to meet the challenges of the 21st century. cyber_cover

There is a saying that “the opposite of danger is taking risks”.  In the cyber space I believe that is truer than ever, and I hope that today’s conference suggests some of the technical and financial risks we need to take, from using distributed ledgers and blockchains for added, rather than reduced, security, or a Cyber Re, similar to Pool Re, for national resilience.

Thank you.”

Friendships Better Than Professorships?

28jan16_1440_v2This month we, the Trustees of Gresham College, hosted the Lord Mayor’s Gresham Event at Guildhall (he or she is our President!) … http://www.gresham.ac.uk/london-the-global-maritime-centre-in-a-changing-world

London – The Global Maritime Centre in a Changing World

Thursday, 28 January 2016 – 6:00pm, Guildhall
THE LORD MAYOR’S ANNUAL GRESHAM EVENT – Introduction by the Lord Mayor of the City of London followed by a symposium
London’s maritime cluster is a tremendous success story. While the docks have migrated out of the centre and international dominance has been challenged, London remains an enormous shipping centre, perhaps the world’s largest. nike air max 2017 femme grise From the Baltic Exchange and the shipbroking community to shipowners, insurers, commercial and investment banking, trade finance, commodities, legal and accountancy services – the scale of modern maritime London is awe inspiring. air max pas cher London is a leading place for specialist education in these areas and also has unrivalled expertise in the provision of services to the global shipping community, including dispute resolution, class and survey work, as well as maritime innovation and technology. We will celebrate the achievements of centuries, and look forward to the challenges of centuries to come.

My Lord Mayor, My Lord, Sheriffs, Chairman, Distinguished Guests, Ladies & Gentlemen. On behalf of the Provost, the Council, my fellow Professors and the Gresham Team I am pleased to welcome you tonight to our seventh Lord Mayor’s Annual Gresham Event. We are delighted that this lecture on “London – The Global Maritime Centre In A Changing World” will be given by the most distinguished Professor Costas Grammenos, Professor of Shipping, Trade and Finance at the Cass Business School, City University London. Costas is also the Founder and Chairman of the Costas Grammenos Centre for Shipping, Trade and Finance. Gresham College was set up as a result of the 1579 Will of Sir Thomas Gresham to provide free education for those who live and work in the City of London. Vêtements Nike Pas Cher We are still interpreting Sir Thomas Gresham’s Tudor will over four centuries later. The Gresham College Group of the 1640s became the Royal Society. The Royal Society was founded and housed at Gresham College until the Great Fire of London 400 years ago. Adidas buty damskie Over the centuries we have had distinguished Professors such as Henry Briggs, Christopher Wren, and Robert Hooke. sac kanken pas cher The range of issues with which education should properly be concerned, divinity, geometry, astronomy, physic, law, rhetoric, and music, has been extended over the centuries. Since the last century, commerce, and all that goes with that, has been a focus for the Gresham Professors of Commerce. Air Jordan 1 Uomo Recently, Gresham College added environmental science, last year information technology. The City evolves and Gresham College evolves with it but I still like to call us a Tudor Open University. Of course one crude measure of our College’s success is attendance. Which reminds me to take the roll call for the register this evening. Bowman? Charles Bowman? Rigden, Christine Rigden… We can only accommodate just over 20,000 physical ‘students’ at our 130 or so lectures, so back in the 1990s we went online. We have nearly 2,000 recorded lectures by the finest minds available to the world – an unrivalled global open source resource. Each year we have hundreds of millions of website ‘hits’, but a more accurate measure is our 6 ½ million lecture views and downloads last year. We are on course for even more in 2016. We step forwards, having commissioned a major revamp of the website and app for this year. We also step backwards, having commissioned a groundbreaking biography of Sir Thomas himself. Tonight’s event is a highlight in our annual calendar. Our President, the Lord Mayor, has an intellectual event of his choosing. Aaron Murray Jerseys As the The Rt Hon The Lord Mayor of the City of London, Alderman the Lord Mountevans, has an intense interest in shipping, it is hardly a surprise who chose tonight’s topic. Gresham College too has a strong shipping interest, from early lectures on logarithms, navigation and woodworm to over 300 online today ranging from slave ships and whale ships to lighthouses to shipbuilding. As a gunrunner and spy, we even have a lecture on Gresham’s armed Elizabethan Merchantman and the armada. In a parallel universe somewhere Gresham College probably deploys submarines and an aircraft carrier or two. Tonight’s event wouldn’t be possible without some special sponsorship, this evening from Financière de Courcelles, the French Mergers & Acquistions powerhouse with an extremely strong shipping team, and Caledonian MacBrayne, the UK’s largest navy plying the waters off Glasgow. The order of proceedings will be roughly this: our President shall set the scene, Professor Grammenos share his thoughts on “35 Years Of London’s Maritime Cluster Through The Eyes Of An Academic”, Dr Nikolas Tsakos, Chairman of Intertanko, will provide his thoughts from the industry by way of response. We will then move to a panel question and answer session, chaired by Professor Heather McLaughlin of Canterbury Christ Church University and former Master of the Worshipful Company of the World Traders. I slipped up as the programme says me, but you can relax as you’re in Heather’s far better hands. Following the panel, I will say a few words in closing. And now, I would like to surrender the podium to our President, The Rt Hon The Lord Mayor of the City of London, Alderman the Lord Mountevans. Thank you. nike blazer pas cher


Nikos Tsakos, Heather McLaughlin, Costas Grammenos

http://www.gresham.ac.uk/london-the-global-maritime-centre-in-a-changing-world Well, tonight shows too well that, with shipping, it’s all in the delivery!” And what great delivery. There is little one can say or add to the fascinating presentations and panels that doesn’t get in the way of direct discussion, so may I ask you to join me in thanking our speakers and our chairman. May I also ask you to join me in thanking the Gresham team who have made all the arrangements, social and technical both online and offline. As mentioned, tonight’s event wouldn’t be possible without some special sponsorship, this evening from Caledonian MacBrayne, and Financière de Courcelles, both of whom will be available during the reception they have kindly provided. On behalf of the Provost, the Registrar, and all of us at Gresham College, may I equally thank you the audience for coming tonight. I hope that those of you who are new to Gresham College do come to Barnard’s Inn Hall at Holborn or the Museum of London for the numerous events we have planned with many fantastic speakers. nike air max 2016 goedkoop May you become, as I have, part of the magical community begun in 1579, over four centuries ago, by that notable man of commerce and founder of The Royal Exchange, whose legacy still inspires us tonight, Sir Thomas Gresham. asics gel kinsei 4 hombre I hope to welcome all of you back next year for the Lord Mayor’s Annual Gresham Event. There are tall ships and small ships, but the best ships are Professorships. No wait, I meant, there are tall ships and small ships, but the best ships are friendships. I hope all of our friends enjoy the reception that follows. Thank you.

Staying In EUr Relationship Is Hard Work – With Or Outwith The UK

Published: Thursday, 23 June 2016 10:53 Long Finance Blog – The Pamphleteers Hopefully, Thursday, 23 June 2016 is a quiet, slow news day with everyone at the polls. Fjallraven Kanken Regular readers know that Pamphleteers is about the long-term. We have published only a little on the EU Referendum. I thought I’d exhibit some courage and try to write a long-term post for today with the referendum result pending and uncertain. EU images To remind those of you reading this from the future, on 23 June 2016 the UK voted on the United Kingdom European Union membership referendum, asking the electorate – “Should the United Kingdom remain a member of the European Union or leave the European Union?” It has been a noisy, acrimonious, and vacuous campaign by both sides. Many voters, myself included, resent having to vote on what was, initially, an internal Conservative party problem due to poor strategy, poor leadership, and poor discipline. The Conservatives are split one from the other in almost two separate parties. Labour’s leadership is split from Labour’s membership. Nike Air Huarache Heren Many things have been said that cannot be unsaid. And with referenda (yes, I’m grammatically stubborn here) now so easily called I fear another one coming, perhaps on a vital subject with no proximate cause, “shall we drive on the right instead of the left?”. Obviously the big decision will be to ‘leave’ or ‘remain’. But the implications of ‘to leave’ or ‘to remain’ hinge on how large the leave or remain margins are, turnout percentages, on the various splits between the four nations (Wales, Scotland, Northern Ireland, England) and the political parties, as well as on the extent of clear divisions by age, gender, ethnicity, urban versus rural, education levels, and London & the Southeast (themselves perhaps divided with central London versus the Home Counties or central London versus suburbs) versus the rest of the country. Whew. Lots of analysis and different interpretations coming. And lots more UK politics. I have had the opportunity to travel widely around Europe on work much more than usual during the course of the campaign. Outside the UK, there are also things to do. Other Europeans are hurt. They don’t understand why the UK had this referendum, at this time. In rebuilding any relationship one should: · Acknowledge that trust was broken. · Admit your role. Fjallraven Kanken Mini UK · Apologise for how you acted and what happened. adidas gazelle uomo rosse · Appraise where you particularly broke trust and how you can be more connected, committed, and dependable. · Amend and plan ahead. Acknowledge, Admit, Apologise, Appraise – the UK needs to walk round the EU and do these things, whether in or out. If ‘in’, then it would be nice to walk round with the hands of supportive partners, Ireland, the Netherlands, Germany, … there are many countries who earnestly want to partner. Amari Cooper Alabama Football Jerseys And what might “amend and plan ahead” contain? 1 – In the UK, commit to EU reform. When a light bulb burns out, you don’t buy a new house, you fix the light bulb. UK political parties should write specific EU reforms into their manifestos. 2 – Around Europe, remove direct EU foibles. There are some very obvious points of attack that have been made more evident in this campaign, the waste of two EU parliamentary seats – remove Strasbourg – unaudited accounts, some regulation, complete the common market in services, etc. All EU members can use this as an opportunity to do the obvious and remove easy targets for demagogues around the EU. 3 – Around Europe, set out an exit plan for a member state to leave the euro. There should be the banking regulatory equivalent of a ‘living will’ for a member who wishes to leave. The euro cannot be a lobster pot. Nor should one country’s problems with the euro be guaranteed to precipitate an EU crisis. New Balance 1300 damskie Yes, the euro-zone might shrink, but it is unlikely to fold. Perhaps there is an optimal size that happens to be smaller but far better for members. Perhaps the euro-zone will grow when it is grown up enough to recognise that there will be leavers as well as joiners over the long-term. 4 – Around Europe, address the democratic deficit of the EU. The knee-jerk reaction to ‘EU democratic deficit’ is to give powers to the European Parliament. Here I have a strange suggestion. adidas tubular donna The European Parliament exacerbates the democratic deficit rather than fixes it. Any trade agreement requires some form of submission to a greater good, but the more the Parliament is strengthened the more sovereignty issues it creates. nike goedkoop The more it is strengthened the greater the dissonance between “no more ‘ever closer union'” and the intentions and desire for power of such a body. There are two democratic lines now, national parliaments and direct European elections. These dual electoral lines have had led to confusion. People kick the establishment on European elections while voting pragmatically in national elections. These dual lines have funded fringe parties of right and left confusing national elections. There are many things to discuss here, e.g. directly elected commissioners, the origination of legislation, national parliamentary representation, etc. Whatever, consider constitutional reform, perhaps even the abolition of the European Parliament. If nothing else, the EU Referendum campaign repeatedly focused attention on three issues – economics, sovereignty, and immigration. Economics matters everywhere. The UK is not the only country with sovereignty concerns about the EU. Two-to-four above do little about immigration. UK perception aside, immigration reality is a bigger issue in the EU than in the UK. And if the UK votes leave today? Then Europe should still undertake points two-to-four above – fix the obvious, fix the euro, fix the constitution – though sadly without what might have made a great long-term partner.

Plebicide Or Silver Lining?

EU Referendum – Strategy Thoughts

À La Recherche Du Temps Trouvé For many months we have been discussing the EU Referendum. Since 24 June we have been discussing even more fervently the result, to “Leave”. To get the obvious question out of the way, yes I voted “Remain”, though recognising the need for EU reform, which still stands. Now, our old positions so obviously need to be put behind us. We all recognise the need to work together with others, going forward to create our common wealth rather than dwell on pre-Referendum days. Personally, I turn to the question, “What Did You Do In The Brexit Daddy (or Granddaddy)?” Since 24 June, the magnitude of change that the result may have unleashed is only beginning to dawn upon us. The EU Referendum appeared to hinge around three core issues – sovereignty, economics, and immigration. The ramifications of the result have destabilised the established UK political parties and perhaps the system, caused financial turmoil worldwide, and encouraged further changes across Europe. Scarpe Adidas But where there is change there is opportunity. New Balance 999 damskie The opportunity to make major realignments in sovereignty, economics, and inclusion are real and potentially very positive. We have the opportunity to consider significant improvements in the structure of government, taxation, regulation, immigration and visas, infrastructure, international relations, and much more. It is heady, and perhaps dangerous, and an opportunity to improve things that rarely passes by. This letter to The Economist on 9 July is funny, and I’m sure self-aware:

A new entry for the Oxford English Dictionary:

Plebicide n. the self-inflicted ruin of a nation’s prospects or interests via a reckless act of direct democracy.

BRUCE STEEDMAN St Helier, Jersey


‘Unity and Trade’ The City of London may have an important role in helping to unite the nation, and unite the nation with the world. If we want to take bolder steps, we could create a more prosperous future for all. New Balance 009 hombre We also need to replenish our reserves of goodwill. Vêtements Armani Pas Cher I might emphasise two points for us, ‘unity’ and ‘trade’. cheap fjallraven kanken sale The nation needs to be seen abroad as open, tolerant, and tolerably united. That unity may mean pointing harder to the City of London’s millennium-old role in forming new businesses and trade, rather than its recent (and in my opinion, inaccurate and unfair) association with a UK bank oligopoly. Any nation that wishes to prosper must trade from an open and competitive environment. Competition means that the state sector needs to be modest (taxation under control), that education is paramount, and that cartels, barriers-to-entry, information asymmetries, and agency problems are avoided. Trade is the gateway to reaping the economic benefits of specialisation and comparative advantage. What would constitute some bold steps? I thought I might note a few below. Immediate It has been disappointing to see how slowly so-called ‘leaders’ have come forward to recognise that EU nationals are valued members of the national community. There have been some honourable exceptions, most notably the Mayor of London. It has been heart-breaking to see the scale of hate-crimes the result has encouraged. Things we could consider doing:

  • provide a clear statement of how much we value the EU nationals who are members of our community. We could back that up by being more public about encouraging them to apply for the Freedom of the City, noting how welcome they are. We could encourage the government to make a clear ‘for life’ visa statement on resident EU nationals;
  • provide a clear statement to firms of our (City) goals in any negotiations;
  • work hard to get a pan-party delegation to negotiate – http://www.theirishstory.com/2011/12/06/today-in-irish-history-6-december-1921-the-anglo-irish-treaty-is-signed/#.V3jVL7grLGg – so that the end of negotiations is the end and not the beginning of a rejection of any compromises;
  • work hard to assemble a business delegation supporting the pan-party delegation.

Sovereignty The Guildhall Heritage Gallery currently displays a letter from John Hancock to John Wilkes, Lord Mayor from 1774-1775, that reminds us that the City of London has traditionally played a role in using its sovereignty to advance wider causes, often to the great long-term benefit of all. Things we could consider doing:

  • connect harder and faster with the Commonwealth using our connections with the Commonwealth Enterprise & Investment Council and Baroness Scotland – should the UK make a more material contribution to the Commonwealth budget (reminder, circa just £46 million annually for the entire budget not the UK’s contribution – less than the not-so-faithfully represented £50 million per day to the EU) – make the Commonwealth Heads of Government Meeting in 2018, and the run-up ahead of time, ten times the scale of the one in Malta last autumn;
  • work harder and faster with the UN on things such as the Sustainable Development Goals via the Business & Sustainable Development Commission;
  • connect with the forgotten – Alderney, Gibraltar, Guernsey, Isle of Man, Jersey, Sark, the Overseas Territories who are truly confused – connect with the nations of Scotland, Wales and Northern Ireland;
  • use our convening powers – perhaps a banquet for some of the segments above, or a special dinner for world trade, or European financial services;
  • perhaps we could even be assertive and play a direct role in the re-regulation of financial services, supporting the return of voluntary standards markets. Could the City sponsor a new financial services regulator for global voluntary standards markets in areas like KYC/AML/Sanction or professionalism working alongside the prudential and compliance arms?

Economics It’s not scare-mongering, it’s real – we will lose some significant financial services business to other European centres. Our core problem is now how we’re going to attract new business. kanken baratas As Z/Yen compiles the Global Financial Centres Index, from our relationships with other financial centres I know that several to many have been in London selling their jurisdiction to firms who need to leave – “just too many moving parts” one US firm said to me. Things we could consider doing:

  • picking a European financial centre that we think is City of London friendly (Dublin, Amsterdam, Vienna, Hamburg, Milan?) and working with it for the smooth transition of businesses, assisting them with ‘brass plating’ (perhaps using Crown Dependency access too) so that only HQs need move, and at some point some smooth transitions back, mostly from one or two places;
  • tax – our Achilles heel going forward as it is the basis of the money-laundering allegations and increases the complexity of current regulations. A radical move towards a UK land value tax (a GLA interest as well) and a consumption tax (now possible as the VAT regime is moving to a UK VAT regime) could mean the abolition of corporation tax (more realistically setting it at 0%), the removal of income tax, a streamlining of the benefits system (see identity below), perhaps even with immigration control the introduction of a universal minimum income that could work. Bold statements on tariffs, i.e. zero, could establish London as the global trade centre (interestingly, in 1960 Hong Kong’s GDP/capita was US$429, equal to Jamaica and below Turkey, Greece, Israel, and many others – with effectively a nil corporation tax);
  • to prevent further losses of information and finance businesses, sign up to be the gold standard General Data Protection Regulation despite being outside the EU – analogous to the Maltese strategy of being the first on compliance with EU financial regulation;
  • implement the ‘Open Data’ policies forcefully to create business and a more open trade culture;
  • consider a ‘financial services free trade zone’ for London or parts of London and the UK;
  • develop further the City of London’s UK SME work even wider is sectors such as media, film, shipping, health, or biotech;
  • perhaps be bold and reach out with suggestions (though some months hence) of recreating the Common Market afresh alongside EEA;
  • perhaps be bold and reach out to join other regional trade bodies directly, TTIP, TTP, Mercosur with some unilateral guarantees, e.g. “no tariffs, ever”, etc.;
  • consider tactical moves such as encouraging the old P&I Mutuals (Protection & Indemnity) to return to the UK by reversing the early 1990’s capital regulations;
  • on being ‘green’, issue Environmental Policy Performance Bonds;
  • on financial stability, implement Confidence Accounting;
  • on infrastructure, sure Heathrow, now why not Gatwick too, and any other private entity that wants to take risks on infrastructure for future reward;
  • turn the Intellectual Property Office into one with teeth:
We Need To Reinvent The Patent Process Michael Mainelli 2014 Wired, Condé Nast Publications (October 2014), pages 74-75.

Inclusion As an immigrant myself several times over, I feel this is the hardest area. The spirit of the 2012 Olympics was that London was the world’s city, the heart of the global community. Our focus here should be on simplicity and speed. New Balance 530 męskie Things we could consider doing:

  • become the global centre for work on the global identity problem;[1]
  • encourage the government to be bolder and go visa-less where possible, go electronic everywhere – a global financial centres needs global cosmopolitan people – and consider a ‘London Financial Services’ visa;
  • encourage the government to emulate immediately leading jurisdictions with proper electronic identity systems, Estonia being foremost, i.e. based on mutual distributed ledger (aka blockchain) technology (if you wish to see such a system on my mobile, built with PwC, just ask). Such a system could be more aggressive programme for Gov.UK Verify and:
    • help ‘prove’ that immigration and visa targets are under control;
    • cut $3bn to $5bn from know-your-customer, anti-money-laundering, and ultimate-beneficial-ownership processes in banking, insurance, and investment management, thus making London more competitive rapidly in financial services;
    • having our regulators take the KYC/AML suggestions further, i.e. air max soldes surcharge those who are non-digital and use paper;
    • setting a stiff national KYC/AML target, e.g. an account opened within three days or a valid reason given;
    • create new global identity businesses in London;
  • establish a tradable route to immigration, i.e. a firm can swap one national for a UK national elsewhere in the world;
  • get a clear message on university students coming to the UK out quickly – perhaps reverse the decision of a while back and allow students to stay for up to two years after a ‘proper’ graduation;
  • guarantee university places to overseas students with an insurance guarantee to cover courses being pulled or visa problems, thus enhancing the UK higher education brand.

Conclusion The idea of listing the above ideas is not to bring chaos into disorder. I would hope that some of the above thoughts spark further thinking. I recognise that it is a long walk from a set of thoughts, to good ideas, to implementing just a few well. But we do have a heck of an opportunity to implement perhaps some special few and perhaps explain to our children and grandchildren that we did do something for City and Country in the great EU transformation. hogan scarpes italia Anyway, “let’s be optimistic, pessimism is for better times”. [1] About 2.4 billion people worldwide lack official identification, about 1.5 billion over the age of 14. While they certainly know who they are, they are excluded from market economy property ownership, and frequently free movement, social protection, and empowerment. They cannot ‘prove’ their existence to the satisfaction of society’s registries. Lack of official identification increases remittance costs, corruption, and crime. Insightfully, United Nations Sustainable Development Goal 16 “Peace, Justice And Strong Institutions” contains target 16.9 to “provide legal identity to all, including birth registration, by 2030”.

Tired in London or Tired of London?

Samuel Johnson’s famous remark went – “Why, Sir, you find no man, at all intellectual, who is willing to leave London. Peyton Manning Tennessee Football Jerseys No, Sir, when a man is tired of London, he is tired of life; for there is in London all that life can afford.” Johnson made this remark to his biographer, Boswell (who interestingly lived in Scotland throughout their relationship), on 20 September 1777. Scarpe Nike Air Max Not a lot has changed. My dear friend and former mathematics teacher, Bill Joseph, retired to London citing three big reasons, Gresham College (intellectual), the National Health Service, and free Transport for London passes. Same idea as Johnson’s I’d guess. So 239 years later, how does London look for the world weary? Johnson may have been correct about “tired of London”, but that doesn’t mean you can’t easily become “tired in London”. adidas neo uomo What an exhausting and interesting month for us. So exhausting that this piece is more a photo album of things we did than any form of essay. First, we got out of London in early May, up to Boswell country in Scotland, and spent the election day (yes, did a postal ballot), revisiting things since the last Scottish trip (which coincided with another election, the Referendum).


Eric Smith, “I’m standing on the engine … not much use for anything else …”

Eric Smith, pictured above, delivered a great engineering experience around the idea of sailing, though with 45 knot winds, five degree weather, and a diesel engine that knew more about breathing air than combusting air, most of the time was spent either sailing a nine-tonne boat onto a berth without power or down in the fumes of the engine room than sailing ‘towards’ Campbelltown for some whisky tasting. Perhaps next year, on a Caledonian MacBrayne ferry. Fjällräven Kånken Salu 20150516_163519 Then more engineering as my daughter and I went to see the state of the “Mail Rail”. I first saw the Mail Rail working in 1986 underneath the old General Post Office headquarters, now the King Edward Building, on St Martin’s le Grand. I’ve been a (minor) patron of getting this rail working again and am delighted that the British Postal Museum & Archive have succeeded in raising the funds to do so. 20150516_164159 It will be a major tourist attraction in a couple of years, whisking people on a 15 round-trip journey. Though as my daughter explained it’s really for tourists – “Daddy, as Londoners we see a lot underground platforms”.


On 14 May there was a magnificent celebration of the 800th anniversary of the London Mayoral Charter (9 May 1215) and of the 800th year of the Magna Carta, a nice counterpoint to some Magna Carta Gresham talks I arranged earlier in the year. The commemoration was a service held in Temple Church, then Middle Temple for drinks, then Inner Temple for dinner. Moving choral services, touching sermons, and fantastic hospitality (and wines). In the lectures earlier this year, Lord Igor Judge emphasised the pivotal role of William Marshal, Earl of Pembroke, in the Magna Carta, so it was very touching to have this event with him entombed in Temple Church beside us. I hadn’t fully appreciated the central role of Temple Church and the Templars in the Magna Carta negotiations. The Temple Church was built by the Knights Templar, an order of military monks founded in 1118 to protect pilgrims to the Holy Land. Sac à Dos Fjallraven Kanken Here in the Temple the Templars had their Church, two halls, cloisters and domestic buildings, leading in the 12th century straight down to the River Thames. The Round Church was built soon after 1160; it is the earliest Gothic building in England. In the crisis of 1214-5 King John had two London headquarters: the Tower in the East; and the Temple in the West, where he was safe under the protection of the Templars. The Round Church was in use by 1162. It is the earliest Gothic building in England. It was modelled on the circular Church of the Holy Sepulchre in Jerusalem, the site of Christ’s death, burial and rising; to be in the Round Church was, to the medieval imagination, to be in Jerusalem, at the holiest place in the world. Here’s the timeline in full (courtesy of Geoff Pick, Archivist, City of London Corporation):

  • 10 February 1185 – The Round Church was consecrated by Heraclius, Patriarch of Jerusalem, in London to ask King Henry to take on the kingship of Jerusalem.
  • 1204 – King John lost Normandy, Anjou and Poitou to King Philip of France. John’s campaigns to recover them led to ever higher taxes.
  • March 1213 – The King finalised a treaty with his Continental allies at the Temple, and then deposited 20,000 marks here for his ambassadors.
  • May-July 1213 – The King submitted to the Pope. Archbishop Stephen Langton returned to England. For the negotiations, the King was staying at the Templars’ house near Dover. William Marshal, Earl of Pembroke was witness and guarantor to the King’s submission. The King’s excommunication was lifted, and in return he offered a golden mark which he borrowed from the Master of the Temple.
  • 3 October 1213 – The King was at the Temple, to confirm at St Paul’s Cathedral that the Pope was now the feudal lord of the King and his kingdom.
  • 27 July 1214 – The Battle of Bouvines. With this defeat John lost all prospect of the recovery of his French possessions.
  • 16-23 November 1214 – The King was in the Temple. On 21 November he issued from the Temple the charter granting ‘with the common consent of our barons’ free elections to cathedral and conventual churches, and on 22 November a grant to St Paul’s Cathedral.
  • 7-15 January 1215 – The King was in the Temple. A group of barons, armed and ready for war, confronted him. Air Max 2017 Dames groen According to the barons’ account of this seminal week, they asked the King to confirm their ancient and accustomed liberties but he refused, and in turn he asked them to give a written undertaking on behalf of themselves and their successors that they would never in future demand such liberties. The barons, lacking a prince to claim or put upon the throne, were demanding the King’s own allegiance to a charter. John sought refuge in delay; such innovation, he said, would take time. The barons gave him warning: they were pledging themselves, one and all, as a wall of defence for the house of the Lord and would stand firm for the liberty of the Church and the realm. The barons rightly distrusted the King: during the negotiations themselves John sent emissaries (surely secretly) to the Pope. John gave the barons a safe conduct until after Easter; William Marshal and the Archbishop were among the King’s guarantors, assuring the barons that the King would then give them satisfaction.
  • 15 January – The cathedral and convent charter of 21 November 2014 was reissued from the Temple.
  • 16-22 April 1215 (Eastertide) – The King was in the Temple.
  • 7-9 May 1215 – The King was in the Temple. On 9 May the charter was issued from the Temple that guaranteed to the City of London the right freely to elect its own Lord Mayor. “Know that we have granted, and by this our present writing confirmed, to our barons of our city of London, that they may choose to themselves every year a mayor, who to us may be faithful, discreet, and fit for government of the city, so as, when he shall be chosen, to be presented unto us, or our justice if we shall not be present.” The Lord Mayor still processes on the day of his or her installation to the Royal Courts of Justice to appear before the Lord Chief Justice.
  • 17 May 1215 – The barons captured London. The balance of power now lay against the King; he must negotiate.
  • 28 May 2015 – The King received the imperial regalia of his grandmother the Empress Matilda from the custody of the Master of the Temple. He was going to assert his full majesty at the coming conference.
  • 10 June 1215 – The King arrived at Runnymede.
  • 15 June 1215 – The King sealed the Charter. William Marshal Earl of Pembroke and Brother Aymeric, Master of the Temple, were listed among those who had advised the King. Cheap Nike Shoes UK The Earl’s eldest son and Serlo the Mercer, Mayor of London, were two of the Twenty-Five surety barons, appointed to ensure the King’s conformity to the Charter’s terms.
  • 19 October 1216 – King John died. The King’s Council named William Marshal the guardian (rector) of the young King Henry III and of the realm.
  • 12 November 1216 – The Earl of Pembroke reissued the Charter under his own seal.
  • 6 November 1217 – The Earl of Pembroke again reissued the Charter under his own seal. Particular clauses were removed and issued separately as the Charter of the Forest; the remaining reissued clauses from 1215 were from now on known as the Great Charter.
  • 14 May 1219 – The Earl of Pembroke died, and was buried on 20 May in the Temple’s Round Church. The Archbishop of Canterbury presided. Brother Aymeric, who had visited the Earl on his deathbed at Caversham, had wished to be buried next to the Earl; ‘I have enjoyed his fellowship on earth and hope to enjoy it also in heaven.’ On his return to London Aymeric fell ill and pre-deceased the Earl. He and the Earl were buried next to each other in front of the rood-screen between Round and chancel.
  • 1224 – William Marshal the Younger, 2nd Earl of Pembroke married Eleanor, sister of King Henry III.
  • 1225 – King Henry III reissued the Great Charter, in order to secure a grant of taxation.
  • 1235-1236 – Henry III and Queen Eleanor bequeathed their bodies to the Templars. The Templars replaced the small chancel of the Temple Church with the present hall church to be the burial place of the King and Queen. The new chancel was dedicated on Ascension Day 1240 in the presence of the King. Light, airy and simple, it is among the most beautiful of all Early English Gothic churches. (Henry III was in fact buried in Westminster Abbey, the Queen in Amesbury.)
  • 1237, 1244, 1251 – A grant of taxation was made to the King upon the confirmation of the Charter. Marcus Mariota – Oregon Ducks Jerseys The meeting of the Great Council in 1237 was described as a Parliament, the word’s first use in the vocabulary of our constitution.
  • Summer 1258 – The Council established by the Provisions of Oxford met daily, in the Temple and elsewhere, ‘spending wakeful nights,’ the Pope was told, ‘to prepare peace for others.’
  • March 1259 – The Council proclaimed in the Temple its first set of proposals, the foundational Provisions of the English Barons, ‘on account of the common good of the whole realm and of the King himself’. The King summoned Parliament to the Tower, demanding that the barons come unarmed. fjallraven kanken The barons refused, and insisted on Westminster. Parliament in fact met at the Temple, a compromise safe for both sides.
  • 12 October 1297 – Edward I re-issued the Great Charter.

Sirius-ly Long But Successful-ly

One of my longer and more problematic projects has been Sirius Minerals. Nike Air Max 90 Pas Cher Pour Femme What began as a copper and gold mining exploration firm turned into one of the biggest potash firms, and the first non-hydrocarbon mine in the UK in over half a century. As I’ve remarked to friends, nike tn pas cher if oil & gas run out we wind up cycling, Adidas buty but if the potash runs out we move from 7 billion people to 1 billion people in less than two years. Hmmm. nike goedkoop Planning permission has been the key to success. Fjallraven Kanken Kopen Having been one of the founders, Adidas ZX Flux Heren along with Richard Poulden and Jonathan Harrison, asics pas cher back in 2005, billige Nike sko norge I was delighted to see planning permission finally approved. nike air max pas cher FT Coverage – http://www.ft.com/cms/s/0/a70a4568-1f4f-11e5-ab0f-6bb9974f25d0.html Guardian Coverage – http://www.theguardian.com/environment/2015/jun/30/north-york-moors-potash-mine-gets-17bn-go-ahead


It’s an exciting, interesting (not least being a two century export supply for all of Europe and having a 37 km transportation tunnel to Teeside), and potentially highly-profitable project with which I’m proud to have been associated. Air Yeezy For Sale Interesting that it becomes successful alongside another decade long project at Barts (see next). The pigeons may take a long time to come home to roost,

I Think I’m Turning Koreanese, I Really Think So

Busan - GFCI 17

Had The Vapours had their hit a few years later, who knows how it might have gone. Nike Air Max 2017 Goedkoop I went with my friend Mark Yeandle to launch Global Financial Centres Index 17 (yes, 17 since we started in 2005 and published from 2007) in Busan on 23 March. It was an exciting trip, though I felt rather guilty about 44 hours travel for 36 hours there. air jordans free shipping I haven’t been to Busan since the financial meltdown of 1997 and what a change it is. Adidas NMD Heren The city’s population has shrunk slightly, but wow has the quality of life surged – more parks, more recognition of the need for environmental protection and sustainability. Here we are with some of our hosts after the launch event with the mayor.


Perhaps the most interesting bit of the trip was seeing how they focus on greeting visitors. Air Jordan 12 (XII) Busan is geared to having a single administrative area where new businesses are whisked through the variety of offices they need to visit in a single day in a single area. Air Max 2017 Dames wit Two particularly interesting items for businesses thinking of coming to Busan were a 1:2000 and also a nearby 1:4000 scale model of the city. asics gel stratus hombre Here’s a photo of the 1:2000.


Further, the Korean Stock Exchange, which evolved from the traditional rice market trade in the port, is headquartered here. ray ban homme Unlike certain London exchanges, they have a fantastic museum for the public.

?????????????? Though talking about comparable tourism among financial centres does give me an opportunity to plug the City of London Walk of Commerce & Finance Z/Yen helped create – free ebook for the public. Mochilas Kanken Infantil Heading home was hard, as I loved the food and the hospitality of our hosts, though I won’t miss some extremely, too extremely, fresh octopus. New Balance 1600 mujer ?????????????? On the flight back, I cracked open a thriller written by a friend, Blue Eye by Tracy Elner, only to find that it is set on Lake Baikal – look at what was outside the window of the Korean Air flight home.