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LSE boss Julia Hoggett: Capital markets are seen as something that ‘enables bankers to drive Lamborghinis’

The UK could raise an additional $75bn through regulatory reforms and greater ties with the US, joint report from Atlantic Council and New Financial suggests

LSE chief executive Julia Hoggett: ‘We talk about [capital markets] as something that enables bankers to drive Lamborghinis. And that has to change.’
LSE chief executive Julia Hoggett: ‘We talk about [capital markets] as something that enables bankers to drive Lamborghinis. And that has to change.’ Photo: Hollie Adams/Getty Images

The chief executive of the London Stock Exchange said that the UK’s capital markets need to change their image from being something that “enables bankers to drive Lamborghinis” to something that helps companies grow.

Making the comments at an event organised by think-tanks Atlantic Council and New Financial about the future of UK financial services, Julia Hoggett said that London’s exchange needs to make sure that “those who have brilliant ideas” can “start great companies here, grow them here, scale them here and ensure they stay here”.

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