【正文】 seconomic stability always es first. And that is what our long term economic plan isdelivering.
　　Lord Mayor, Ladies and Gentlemen,
　　Insisting on the integrity of our financial markets.
　　Confronting the risks from our housing market.
　　Tackling the long term challenge of housing supply.
　　These are the further actions I take today to ensure that we learn from the mistakes of the pastand build a resilient economy for all.
　　These last four years have required difficult decisions.
　　We embarked on the hard task of rebuilding our economy。 with almost half a billion poundsof financial assistance in total set aside to make it work.
　　Now I suspect there will be people who object to new building, even on the brownfields of ourcities.
　　But let me be clear.
　　I will not stand by and allow this generation, many of whom have been fortunate enough toown their own home, to say to the next generation: weamp。ndash。rsquo。 weamp。ndash。rsquo。rsquo。ndash。rsquo。ndash。ndash。m not going to opt for the easy route of some of my recent predecessors: duck the issues,risk a housing boom, and keep my fingers crossed that it wonamp。s problems.
　　The housing market is no exception.
　　Iamp。 andwe see the social injustice of millions of families denied good homes.
　　But that should not deter our generation from trying to fix the housing challenge amp。re renting or buying.
　　The only way that can be achieved over the long term is by building more, so supply bettermatches demand.
　　But we are a small and crowded island, keen to protect our green spaces and ready to objectto new development.
　　So the British people want our homes to go up in value, but also remain affordable。 and we want all families to be able toafford security, fort and peace of mind. That means homes have to be affordable amp。s our housingmarket.
　　The challenge is that we want several things which donamp。s economicstability and prosperity.
　　Not a new risk, but an old and very familiar one to us in this country amp。re not going to wait for more scandals to hitamp。s conclusions we will publish and consult on the full list of benchmarks tobe covered by this autumn, and we will have the new regime in place by the end of the year.
　　I am also extending the senior managers regime to cover all banks that operate in thiscountry, including the branches of foreign banks.
　　And I can also announce that we will introduce tough new domestic criminal offences formarket abuse, rather than opt into European rules we do not think suitable or sufficient forour needs.
　　For let me make this clear, so no one is in any doubt.
　　The integrity of the City matters to the economy of Britain.
　　Markets here set the interest rates for peopleamp。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。 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。 an Islamic bond.
　　For I want Britain to be not just the western hub of Chinese finance amp。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。ve weled to Britain the headquarters of some of the worldamp。45 billion amp。supervising the prudential regulation of our banks and insurers, thanks to the reforms Iannounced in my first speech here at the Mansion House in 20xx.
　　And in each speech since, I have set out new steps to strengthen the resilience of oureconomy and the financing that underpins it.
　　20xx, Ringfencing our retail banks
　　20xx, lau