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London First response: Detail of implementation of Vickers recommendations crucial

Commenting on Government’s response to the Independent Commission on Banking

Baroness Jo Valentine, Chief Executive of London First, said:

“It’s reassuring to see that Government has listened to international banks rather than just endorsing all recommendations. However, the detail of implementation will be critical, and we must ensure the UK remains an attractive home for financial services or jobs and investment will go elsewhere.”

Ends

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Emma Apter on 020 7665 1427 / 07535 977 004

Notes to Editors
London First is a business membership organisation with a mission to make London the best city in the world in which to do business. London First undertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London. London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure
London First delivers its activities with the support of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes further education colleges and London’s universities. London First members represent over a quarter of London’s GDP

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