At the Luncheon of the Lord Mayor City of London at Mansion House, London, United Kingdom It is especially fitting to gather in the majestic and historic surroundings of Mansion House—a monumental building that has long stood at the center of London's civic and financial life. Its setting reminds us that banking has always depended on public confidence as much as on private enterprise. Situated opposite the Bank of England and beside the Royal Exchange, it lies at the physical heart of a financial system shaped over centuries by the interaction of markets, regulatory bodies, and government. It is an honor and a pleasure to join you to discuss our efforts to modernize U.S. banking regulations and supervision.
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