During November the Bank of England initiated a debate on the future of financial markets in the UK. This ‘Open Forum’, which has already begun on social media, has involved events in London and around the UK, with a working lunch held in conjunction with pro-manchester on Monday 2 November at the Lowry Hotel.
The event, which was held in association with the London Stock Exchange, will help to form an input to the debate on improving the effectiveness of market financing in serving the economy.
Leading Manchester corporate finance firms including Clearwater, Altium, Seneca and Deliotte were all in attendance.
John Ashcroft, CEO of pro-manchester commented, “This is one of the many ways pro-manchester works with the Bank of England and other leading institutions across the UK. We appreciate the support of member organisations in these endeavours.
“Resilient markets are essential for the safety and soundness of the financial system but they also need to be effective. And, if they are to support economic growth, they need to be able to provide stable access to finance for companies of all sizes. This session explored what, if any, changes are needed to the market for corporate bonds in Europe, as well as assessing whether start-ups, smaller and medium sized companies have adequate access to public markets for both debt and equity. We also looked at how new and existing platforms can be developed to improve access to smaller companies.”
Following on from the success of this lunch, pro-manchester and the Bank of England are planning on holding more joint events with key figures from the organisation.