Ribbon Cutting Practice

Goodacre - Systems in the City Awards v1.1

An aspiring politician also needs to practice ribbon cutting and award ceremonies.  Never one to shirk a dinner and aspiring to be a good Alderman, this event looms next week:

Systems in the City Awards 2013

Prof. Michael Mainelli and Dr Iain Saville to Announce Winners

The 2013 Systems in the City Award Winners will be announced on 19th June 2013 by Professor Michael Mainelli and Dr Iain Saville OBE

 The presentation dinner will be held at The Grand Connaught Rooms and includes a champagne reception sponsored by Cofunds, a 4 course dinner and evening entertainment

With only one week to go there are only a few places left.

To make sure you do not miss out email events@goodacreuk.com or call +44 (0)20 7422 0063.

Political Podium Practice

Don’t all politicians prattle on?  Where do they practice?  Well this one is practicing at Gresham College tomorrow night – http://www.gresham.ac.uk/lectures-and-events/taking-modern-money-apart.

The event is free and open to the public, including Broad Street electors who wish to assess a potential Alderman’s speaking ability.  Just turn up about 17:45…

“Taking Modern Money Apart”

Thursday, 13 June 2013 – 6:00pm,

Barnard’s Inn Hall

“Money just isn’t what it used to be”, my grandmother used to observe with a sigh…  We could add today, and soon it won’t be any longer what it now is!  Money (and its relatives) are evolving, fast, in response to the revolution in information and communications and this evolution is certainly causing problems.  But it is also opening opportunities for really significant changes in the economy.I’ll be combining research we did with the City of London Corporation in 2011 – “Capacity, Trade and Credit: Emerging Architectures for Commerce and Money” – with Edward J Nell’s transcript on capacity exchanges.  Edward is the creator of the acclaimed Theory of Transformational Growth which is regaining interest as credit markets remain blocked.

Beating The Broad Street Bounds

To the Natives of the Parish of St Margaret Lothbury and the Broad Street Ward Club.  You are desired to meet the rest of your parishioners and club members on Thursday, 23 September 2004 at 18:00 at the Guildhall and from thence to go to your parish bounds afterwards to return to Throgmortons. You are desired as a Wellwisher to the Preservation of this Society to send by the Bearer £15 for your admission.
(as per a 1795 notice for Cripplegate Ward supplied by Claire and John Scott JP)

When parishioners could neither read nor write, how were they to know the boundaries of their village? They held an annual event to familiarise themselves with, and inspect the condition of, markers of the boundaries, frequently bumping parish boys heads at important points to beat in a key point. It was pointed out (not by boys) that Broad Street Ward Club had allowed this tradition to lapse. Realising that, as years ago, it forms the perfect excuse for a pub crawl, we arranged a fun evening and light quiz competition about the ward in 2004 – which naturally had to visit many of the local drinking establishments, 30 people on a pub crawl, ahem, visiting local businesses.  And to avoid getting your head bumped, here are the bounds.  At each establishment they had to have their broom signed and marked with the amount spent, as well as answer trivia questions.  We have a lot of nice establishments in the ward.   We waited a long time for everyone to get back for the scoring and prizegiving.  Ahem.
Beating the Bounds Oct 2004
(from left to right, Michael Mainelli, Reverend Jeremy Crossley – Rector St Margaret Lothbury, Alderman David Lewis – 13 October 2004 – yes a photoshoot after the 23 September event.  We looked a lot better than we did late on the 23rd, but they were the same brooms)

Broad Street Starts Here

I thought we should start with a campaign photo. When the family took a skiing trip to Jackson Hole earlier this year, I wanted my daughters to see New York City for the first time. Naturally, as my firm, Z/Yen, compiles the Global Financial Centres Index, we had to take the girls to Wall Street, and thus I have my opening picture for the campaign from the land of my birth. There will be some better photos later (the ones without me in them)!
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Broad Street Aldermancy – Nomination Papers Submitted

This morning I went round to the Election Office at the City of London Corporation to submit nomination papers for the Broad Street Ward Aldermanic election. All successfully registered and the campaign is now on.   I am honoured to have the support of our retiring Alderman and former Lord Mayor, Sir David Lewis, and our three Common Councilmen, John Bennett, John Scott JP and Chris Hayward.  To stay up-to-date with the campaign, simply click here.

If you are based in Broad Street as an elector (and if unsure, just ask) please do consider giving me, Michael Mainelli, your vote by postal ballot or by voting in person on Thursday, 4 July 2013, at Carpenters Hall, 1 Throgmorton Avenue, EC2N 2JJ from 08:00 to 20:00 – but whatever you do, please vote, the City needs a vibrant electorate. I walk through the Ward every day to and from work and would be delighted to discuss Ward business. Contact me by telephone 020 7562-9562, or via email michael_mainelli@zyen.com, or by post to Z/Yen Group, 90 Basinghall Street, London EC2V 5AY. For more campaign details see my campaign flyer – Michael Mainelli – Broad Street Ward Aldermancy Campaign 2013 – flyer

BSWC Jade Glass Coat of Arms

What’s In A Name?

This week’s ESMA & EBA report, “Principles for Benchmark-Setting Processes in the EU”, garnered headlines such as “EU plots to grab control of Libor from London”. Such sensationalism simultaneously leads to over-reaction and under-reaction. Libor is a known problem, but there are questions over other market indices for oil, steel, gold and other commodities. Surely five years into financial crises why shouldn’t the EU set out guidelines for robust indices upon which most markets depend? Yet I worry about state control and auditing of benchmarks. Some bankers claim they connived with regulators on Libor to look stronger than they were. Instead I would suggest a more ‘British’ approach – a published ISO or BSI standard on index governance and management, independently audited on quality, accuracy, timeliness and distribution in a competitive market. And the under-reaction? These financial reform proposals should be coming from London. If we’re losing our intellectual leadership perhaps we do deserve to lose the ‘L’ in Libor.

In CityAM 7 June 2013 – http://www.cityam.com/debate/should-london-be-concerned-about-eu-s-proposal-move-libor-oversight-paris

Broad Street Ward Aldermancy

Broad Street sign v3I have decided to submit a nomination form to run for Alderman of Broad Street Ward. The Wardmote is scheduled for 3 July. If there is an election, then the vote will be on 4 July – hopefully auspicious. I am honoured to have the support of our retiring Alderman and former Lord Mayor, Sir David Lewis, and our three Common Councilmen, John Bennett, John Scott JP and Chris Hayward. More on this soon! But for now, some background information and a map.