In his banquet speech last night, the new Lord Mayor called for a re-established social contract between financial institutions and the society they serve.
He suggested that the contract recognise “on the one hand that the UK benefits from financial services, and on the other that we need to do whatever it takes to serve the interests of the individual as well as those of the wider economy”.
The Lord Mayor’s speech also identified that climate change “may be an even greater threat” than the economic crisis. He called for the City to consider, post Copenhagen, how it can build on its leadership in sustainable finance to “do yet more to bring our expertise to bear on building sustainable solutions.”
If this is an early indication, we can expect much from the new Lord Mayor's year in office.
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