【正文】 tive financial services that should contributeto it.
　　Lord Mayor, the City of London has emerged from the wreckage of what went so badly wrong,stronger and better regulated, more international and more responsive to the needs ofcustomers here at home.
　　Our financial exports grew 10% last year, and our surplus in finance and insurance hasreached amp。pound。45 billion amp。ndash。 twice as much as our closest petitors.
　　Weamp。rsquo。ve weled to Britain the headquarters of some of the worldamp。rsquo。s largest insurance firms.
　　And we have been chosen as the location for the International Forum of the worldamp。rsquo。s SovereignWealth Funds.
　　In my first Mansion House speech, I said I wanted British financial firms and markets to be atthe heart of financing Chinaamp。rsquo。s extraordinary expansion.
　　Now two thirds of all Renminbi payments outside of China and Hong Kong now take place inLondon.
　　Chinese bonds are being issued here, Chinese assets are being managed here, Chinese bankswill be able to apply for branches here, a Chinese clearing bank is soon to be appointed here and next week, when the Chinese Premier visits, we will take the next big step forward in theeconomic partnership of our two great, historic trading nations.
　　I can also confirm tonight our intention in the next few weeks, subject to market conditions,for Britain to be the first western nation to issue a sovereign sukuk amp。ndash。 an Islamic bond.
　　For I want Britain to be not just the western hub of Chinese finance amp。ndash。 but of Islamic financetoo.
　　It is with these active steps that together we are making Britain the undisputed centre of theglobal financial system.
　　But all this can so easily be put at risk.
　　By badlyconceived EU rules that only reinforce the case for reform in Europe.
　　By populist proposals for selfdefeating bonus taxes and punitive ine tax rates.
　　And by the potential break up of our nation.
　　Edinburgh is even stronger as a worldrenowned centre for asset management because it ispart of a United Kingdom that is a worldrenowned centre of finance.
　　And let us hope it remains so, for we are better together.
　　We should be candid tonight about another risk.
　　The risk that scandals on our trading floors call into question the integrity of our financialmarkets.
　　People should know that when they trade in London, whether in modities or currencies orfixed ine instruments, that they are trading in markets that are fair and effective.
　　The revelations about the manipulation of LIBOR added further damage to reputation offinancial services, here and abroad.
　　In Britain, thanks to the leadership of Martin Wheatley and Andrew Tyrie, we acted swiftly topunish the wrongdoers and fix the system.
　　Let us not wait for the next wave of scandals in financial markets to hit us before we respond.
　　The integrity of these markets matters to us. London is home to 40% of the global foreignexchange business。 45% of overthecounter derivatives trading。 and 70% of trading ininternational bonds. And Mark Carney and I intend to keep it that way.
　　So today I can announce that the Treasury, the Bank of England and the Financial ConductAuthority will conduct a prehensive review of standards in our fixed ine, currency andmodity markets.
　　The Fair and Effective Markets Review will be chaired by the new Deputy Governor, and formerDeputy Managing Director of the IMF, Minouche Shafik amp。ndash。 and she will be joined by MartinWheatley and Charles Roxburgh.
　　This Review must work closely with industry. So I am establishing a panel of marketpractitioners, chaired by Elizabeth Corley, chief executive of Allianz Global Investors.
　　The Review will produce its report in a yearamp。rsquo。s time.
　　And some of its remendations may require international agreement.
　　In the meantime, we will act here at home.
　　I am today announcing that we will extend the new powers we put in place to regulate LIBORto cover further major benchmarks across foreign exchange, modity and fixed inemarkets amp。ndash。 many of which are currently entirely unregulated.
　　Based on the Re