Home
European Regulation
UK Regulatory Reform
Clearing and Settlement
Member Services
Training and Education
Membership
New Publications
Events

Update

ISSUE 31, February 2001


Events

Forthcoming Events

February 2001
15 Member Lunch
22 Complinet Seminar on Alternative Trading System (ATS) Regulation (held in association with the FOA)
27 Compliance Forum

March 2001
8 Financial Regulation Forum
9 Board Meeting
13 Clearing & Settlement Forum
27 General Forum
28 Member Lunch

April 2001
5 Energy Forum
18 Member Lunch
24 Compliance Forum

 

 

The City Debate - 29 January 2001

Roy Leighton, Chairman of the FOA welcomed The Rt Hon The Lord Mayor and a distinguished City audience to the City Debate 2001, which took place at the Mansion House on Monday 29 January.

This year's motion:

This House believes that British Membership of NAFTA is undesirable.
~ The EU and NAFTA: can the UK have both?

was robustly defended by Lord Haskins, Chairman of Northern Foods and Baroness Ludford MEP and equally robustly opposed by Stanislas Yassukovich, Chairman of EASDAQ and Andrew Hilton of the Centre for the Study of Financial Innovation.

The subsequent arguments in favour of, or against, were enhanced this year for the first time by the views of opinion formers in Washington DC and in Brussels, who had responded to a number of questions on the theme for this year, which had been prepared in advance of the debate by the Moderator, Anthony Hilton, City Editor, Evening Standard. Both sides enjoyed enthusiastic support from the audience of two hundred and fifty representatives from the City's international financial community, including FOA Members and their guests, who vigorously took up the invitation to join in the proceedings when the debate was opened up to the Floor.

The resulting votes were as follows:

Pre-Debate  Post-Debate  
ForAgainstUndecidedForAgainstUndecided
30%52%18%49%50%1%

 

 

 


 

The City Debate - 29 January 2001(continued)

The Moderator had announced, after the first vote, that he would exercise his right to restrict the audience response for the second vote to For and Against only. This was foiled by one per-cent of the audience who either misunderstood the direction or, on this occasion, decided to ignore it!

The City Debate 2001 was the sixth in a series of debates organised by the FOA. The debate takes place each January at the Mansion House, and is sponsored by Reuters. The FOA also welcomed the support of the following organizations in 2001: Deutsche Bank, London Clearing House, LIFFE and Clearnet Brussels. Each year a percentage of the proceeds raised from the City Debate are donated to charity. This year the nominated charities are:
The Lord Mayor's Appeal 2001 - Barts Cancer Centre of Excellence
Reuters AIDfund

For an independent review of the evening by Patrick Young please click here.


International Derivatives Week 2001

Monday 18 June

International Derivatives Week Opening Reception

Monday 18 June to Wednesday 20 June
FIA/FOA International Derivatives Conference

Thursday 21 June to Friday 22 June
FOW European Derivatives Exhibition

Friday 22 June
Charity Party

The FOA is the central co-ordinating body and information point for International Derivatives Week and organisations are encouraged to contact Patricia Duncan on tel: +44 (0) 20 7426 7258 or Lucy Vince on tel: +44 (0) 20 7426 7255 for details on participating or holding an event during the course of International Derivatives Week. Web site: www.foa.co.uk or e-mail: vincel@foa.co.uk