Undersecretary of State for Economic, Energy and Agricultural Affairs Reuben Jeffery Iii Delivers Remarks to the British-American Business Council

UNDERSECRETARY JEFFERY DELIVERS REMARKS TO THE BRITISH-AMERICAN BUSINESS COUNCIL, LONDON, ENGLAND, AS RELEASED BY THE STATE DEPARTMENT

MAY 15, 2008

SPEAKER: UNDERSECRETARY OF STATE FOR ECONOMIC, ENERGY AND AGRICULTURAL AFFAIRS REUBEN JEFFERY III

[*] JEFFERY: Thank you, it is a pleasure for me to be here today. I want to thank the British-American Business Council for inviting me.

I am particularly pleased to be here in London. I had the privilege of living in London and calling it home for much of the 1990s. Like many of you, I was drawn to this premier international financial center and its innovative and fast-paced financial markets. The City continues to play this vital role.

Accordingly, London is the ideal venue to address some of the key issues posed by recent financial market developments. It is fitting in a historical sense as well: London has played a central role in the development of financial markets.

Even in the early eighteenth century, i...

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