SlideShare a Scribd company logo
1 of 6
Download to read offline
Convenience translation from German into English
Check against delivery
New Year’s Reception 2015
Deutsche Börse Group
19 January 2015
[Embargoed until 19 Jan, begin of
Francioni´s speech]
Reto Francioni
Chief Executive Officer
Deutsche Börse AG, Frankfurt/Main
Check against delivery / Embargoed until 19 Jan, begin of Francioni´s
speech
2
Honourable Chancellor,
Honourable President of the Bundesrat,
ladies and gentlemen,
Allow me to take this opportunity to welcome you, which for me will
be for the last time. I am therefore all the more grateful to be able to
say a few words to you today. Above all, I would like to use this
speech to express my gratitude.
First of all to you, Chancellor. Thank you so much for your fascinating
speech, your work on behalf of the Frankfurt financial centre, and of
course for your visit! I am particularly grateful for your visit,
Chancellor, since you were forced to turn us down last year following
an unpleasant but fortunately not too serious encounter with the
effects of gravity on snowy ground. But today you are here in full
health, and we have just heard what that means. So thank you for
being here, and thank you for your interest in us, the Frankfurt
financial community!
Ladies and gentlemen, almost exactly two years ago at this same
event I said that market growth would above all be seen in Asia rather
than Europe. I told you that Deutsche Börse considered itself to be in
an exceptionally favourable position to safeguard its hard-won market
position on the European and Asian markets and to make its mark
with a considerable lead in China.
We continued to make considerable progress in this respect over the
past year. Take our strategic alliance with the Bank of China, for
example, which allowed the Frankfurt financial centre to become the
Check against delivery / Embargoed until 19 Jan, begin of Francioni´s
speech
3
euro zone’s first ever clearing centre for the renminbi. And then there
are our activities in Singapore, which we are continuing to expand by
setting up a clearing house. These are just some of the achievements
that we owe mainly to our Asia Task Force, which does an
outstanding job and that I would also like to thank this evening.
The expansion of our activities in Asia reflects the region’s shift in
economic importance and growth. A few weeks ago it was reported in
the media that China had overtaken the United States in terms of
national purchasing power over the past year. And with growth rates
in the region of seven per cent, on the existing, impressive basis,
China will continue to build on this lead.
Asia has seen a correspondingly rapid rise in demand for safe and
integrated exchange services. The continent has become the engine of
the global economy, and is likely to remain so for the foreseeable
future. I find this encouraging, because not so long ago only Europe
and the United States played significant economic roles. Today we
have three strong regions.
Asia, ladies and gentlemen, is one of our central topics. But the future
of the global financial services industry as a whole is equally
important. In October 2008, the world of finance stood on the brink
of disaster following the collapse of Lehman Brothers. The resulting
crisis of trust was enormous in scale. Trust is the foundation of all
business – and nowhere is that more true than in the financial
services sector. But trust is above all a product of integrity, decency
and responsibility. These values have always been important to us,
and will continue to guide our actions.
Check against delivery / Embargoed until 19 Jan, begin of Francioni´s
speech
4
Seven years on from the events of 2008, we can say that the most
serious financial crisis of recent decades has been overcome even if
the government debt crisis continues to persist in some countries of
the euro area. Chancellor, from a political perspective, the fact that
the worst case scenario was averted can largely be attributed to you.
And so I would like to thank you now on behalf of many of my
colleagues for all that you have done for Europe over the years.
Of course I would not want to talk about stability – especially price
stability – without mentioning the outstanding achievements of the
Bundesbank and the European Central Bank.
Ladies and gentlemen, honoured guests, all of you have earned my
utmost respect for what you have achieved by working so hard
together. Times have not been easy, and we still have a lot of work to
do. I am extremely proud that, even in the darkest of hours, our
systems played a part in stabilising the situation. For this my gratitude
is owed in no small part to my colleagues, with whom I have worked
at this impressive company for more than a decade.
Check against delivery / Embargoed until 19 Jan, begin of Francioni´s
speech
5
The stability of the European financial markets is one thing. Another
is growth and the creation of jobs in Europe. This must be a matter of
priority for all of us. In particular European Commission President
Jean-Claude Juncker has defined it as a political priority for the years
ahead. Among other things, the proposed capital markets union is
intended to implement the vision of an integrated and harmonised
European financial market. Its primary aim, however, is to improve
access to additional sources of financing as well as traditional bank
financing in order to contribute to the growth of the European markets
and a level of prosperity that extends beyond Europe. This evening I
would like to promise that Deutsche Börse AG will lend its emphatic
support to this plan.
Ladies and gentlemen, on a personal note: As you know, after a
decade of leading Deutsche Börse I will be handing over my
responsibilities to my successor Mr. Carsten Kengeter in the middle of
this year, and I would also like to welcome him personally. This
represents a transition to a new generation. Mr. Kengeter, I would like
to wish you all the best and the continued success that this company
deserves! I myself will be happy to remain associated with Frankfurt’s
financial centre, but at the same time I am looking forward to the next
stage in my life.
Check against delivery / Embargoed until 19 Jan, begin of Francioni´s
speech
6
Finally, as those of you who have been coming for many years will
know, all that remains for me to do is to give you a matchless piece of
wisdom from the world of football for the start of another year on the
stock exchange. This year I would like to fall back on my favourite
quote, which is from the Austrian footballer Hans Krankl and not
Lothar Matthäus. For me it cannot be beaten as a motto for the future
of this company, for the financial centre and for the world of politics
[slight pause]: "We have to win; everything else is of primary
importance."
There is nothing that I can add to that. Chancellor, honoured guests,
thank you for listening, and I would like to wish you an entertaining
evening and health and success in 2015.

More Related Content

Viewers also liked

AICGS symposium speech jeffrey tessler
AICGS symposium speech jeffrey tesslerAICGS symposium speech jeffrey tessler
AICGS symposium speech jeffrey tessler
Deutsche Börse AG
 

Viewers also liked (7)

AICGS symposium speech jeffrey tessler
AICGS symposium speech jeffrey tesslerAICGS symposium speech jeffrey tessler
AICGS symposium speech jeffrey tessler
 
Statement: Clearstream passes ECB stress test
Statement: Clearstream passes ECB stress testStatement: Clearstream passes ECB stress test
Statement: Clearstream passes ECB stress test
 
Summer Student Report #4
Summer Student Report #4Summer Student Report #4
Summer Student Report #4
 
Annual Reception 2015: Speech of Dr Joachim Faber
Annual Reception 2015: Speech of Dr Joachim FaberAnnual Reception 2015: Speech of Dr Joachim Faber
Annual Reception 2015: Speech of Dr Joachim Faber
 
Finanzplatztag 2014 Speech Executive Board Member Hauke Stars
Finanzplatztag 2014 Speech Executive Board Member Hauke StarsFinanzplatztag 2014 Speech Executive Board Member Hauke Stars
Finanzplatztag 2014 Speech Executive Board Member Hauke Stars
 
Annual General Meeting: Report of the Chief Executive Officer
Annual General Meeting: Report of the Chief Executive OfficerAnnual General Meeting: Report of the Chief Executive Officer
Annual General Meeting: Report of the Chief Executive Officer
 
Neue Chancen mit Short-, Hebel- und Smart-Beta-ETFs: Worauf Sie beim Einsatz ...
Neue Chancen mit Short-, Hebel- und Smart-Beta-ETFs: Worauf Sie beim Einsatz ...Neue Chancen mit Short-, Hebel- und Smart-Beta-ETFs: Worauf Sie beim Einsatz ...
Neue Chancen mit Short-, Hebel- und Smart-Beta-ETFs: Worauf Sie beim Einsatz ...
 

Similar to Annual Reception 2015: Speech of Dr Reto Francioni

Faber new years reception dbag 2014 english
Faber new years reception dbag 2014 englishFaber new years reception dbag 2014 english
Faber new years reception dbag 2014 english
Deutsche Börse AG
 
89147_UCL-Investment-Brochure
89147_UCL-Investment-Brochure89147_UCL-Investment-Brochure
89147_UCL-Investment-Brochure
Gordon Qiu
 
Report on the development of chinese enterprises in the eu 2019
Report on the development of chinese enterprises in the eu 2019Report on the development of chinese enterprises in the eu 2019
Report on the development of chinese enterprises in the eu 2019
Hubery shi
 
Feps financial transaction_tax_-_background_paper
Feps financial transaction_tax_-_background_paperFeps financial transaction_tax_-_background_paper
Feps financial transaction_tax_-_background_paper
mberre
 
magazine-CoR-n90-final-version
magazine-CoR-n90-final-versionmagazine-CoR-n90-final-version
magazine-CoR-n90-final-version
Julia Rokicka
 
Fse listings frankfurt_stock_exchange_may172007
Fse listings frankfurt_stock_exchange_may172007Fse listings frankfurt_stock_exchange_may172007
Fse listings frankfurt_stock_exchange_may172007
Anna Kvitka
 

Similar to Annual Reception 2015: Speech of Dr Reto Francioni (20)

Faber new years reception dbag 2014 english
Faber new years reception dbag 2014 englishFaber new years reception dbag 2014 english
Faber new years reception dbag 2014 english
 
BBA_Agenda_for_growth_WEB
BBA_Agenda_for_growth_WEBBBA_Agenda_for_growth_WEB
BBA_Agenda_for_growth_WEB
 
Santander International Banking Conference “Solutions for growth and stability”
Santander International Banking Conference “Solutions for growth and stability” Santander International Banking Conference “Solutions for growth and stability”
Santander International Banking Conference “Solutions for growth and stability”
 
Ambassador Isticioaia Budura, Ambassador of the European Union to Japan
Ambassador Isticioaia Budura, Ambassador of the European Union to JapanAmbassador Isticioaia Budura, Ambassador of the European Union to Japan
Ambassador Isticioaia Budura, Ambassador of the European Union to Japan
 
Wnioski ang calosc
Wnioski ang caloscWnioski ang calosc
Wnioski ang calosc
 
89147_UCL-Investment-Brochure
89147_UCL-Investment-Brochure89147_UCL-Investment-Brochure
89147_UCL-Investment-Brochure
 
Wealth & Family 02_v2
Wealth & Family 02_v2Wealth & Family 02_v2
Wealth & Family 02_v2
 
Keynote speech by Mario Draghi, President of the ECB
Keynote speech by Mario Draghi, President of the ECBKeynote speech by Mario Draghi, President of the ECB
Keynote speech by Mario Draghi, President of the ECB
 
Speech Francioni AGM12_EN
Speech Francioni AGM12_ENSpeech Francioni AGM12_EN
Speech Francioni AGM12_EN
 
Report on the development of chinese enterprises in the eu 2019
Report on the development of chinese enterprises in the eu 2019Report on the development of chinese enterprises in the eu 2019
Report on the development of chinese enterprises in the eu 2019
 
Request Bn Pa Transcript 2009 07 24 T07 30
Request Bn Pa Transcript 2009 07 24 T07 30Request Bn Pa Transcript 2009 07 24 T07 30
Request Bn Pa Transcript 2009 07 24 T07 30
 
Feps financial transaction_tax_-_background_paper
Feps financial transaction_tax_-_background_paperFeps financial transaction_tax_-_background_paper
Feps financial transaction_tax_-_background_paper
 
Van Rompuy,Speech
Van Rompuy,SpeechVan Rompuy,Speech
Van Rompuy,Speech
 
EPI Summit 2018 - Yanis Varoufakis Shares His Views on the Global Economy, Br...
EPI Summit 2018 - Yanis Varoufakis Shares His Views on the Global Economy, Br...EPI Summit 2018 - Yanis Varoufakis Shares His Views on the Global Economy, Br...
EPI Summit 2018 - Yanis Varoufakis Shares His Views on the Global Economy, Br...
 
Gew june-2015-north-africa
Gew june-2015-north-africaGew june-2015-north-africa
Gew june-2015-north-africa
 
Etude PwC Global Economy Watch (juin 2015)
Etude PwC Global Economy Watch (juin 2015)Etude PwC Global Economy Watch (juin 2015)
Etude PwC Global Economy Watch (juin 2015)
 
'The British Chamber of Commerce has assisted our growth strategy', Philipe G...
'The British Chamber of Commerce has assisted our growth strategy', Philipe G...'The British Chamber of Commerce has assisted our growth strategy', Philipe G...
'The British Chamber of Commerce has assisted our growth strategy', Philipe G...
 
Gi French Connection
Gi French ConnectionGi French Connection
Gi French Connection
 
magazine-CoR-n90-final-version
magazine-CoR-n90-final-versionmagazine-CoR-n90-final-version
magazine-CoR-n90-final-version
 
Fse listings frankfurt_stock_exchange_may172007
Fse listings frankfurt_stock_exchange_may172007Fse listings frankfurt_stock_exchange_may172007
Fse listings frankfurt_stock_exchange_may172007
 

More from Deutsche Börse AG

Presentation investor day_2014
Presentation investor day_2014Presentation investor day_2014
Presentation investor day_2014
Deutsche Börse AG
 
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto FrancioniDeutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse AG
 
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto FrancioniDeutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse AG
 
Deutsche Börse Group Annual General Meeting 2014 Speech CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Speech CEO Reto FrancioniDeutsche Börse Group Annual General Meeting 2014 Speech CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Speech CEO Reto Francioni
Deutsche Börse AG
 
Deutsche Börse Hauptversammlung 2014 Präsentation CEO Reto Francioni
Deutsche Börse Hauptversammlung 2014 Präsentation CEO Reto FrancioniDeutsche Börse Hauptversammlung 2014 Präsentation CEO Reto Francioni
Deutsche Börse Hauptversammlung 2014 Präsentation CEO Reto Francioni
Deutsche Börse AG
 
Factsheet STOXX GC Pooling Indizes
Factsheet STOXX GC Pooling IndizesFactsheet STOXX GC Pooling Indizes
Factsheet STOXX GC Pooling Indizes
Deutsche Börse AG
 

More from Deutsche Börse AG (20)

Limit, Quotes und offenes Orderbuch – Wie Sie die Vorteile der Börse in der P...
Limit, Quotes und offenes Orderbuch – Wie Sie die Vorteile der Börse in der P...Limit, Quotes und offenes Orderbuch – Wie Sie die Vorteile der Börse in der P...
Limit, Quotes und offenes Orderbuch – Wie Sie die Vorteile der Börse in der P...
 
Hybrid-Anleihen: Attraktive Risiken
Hybrid-Anleihen: Attraktive RisikenHybrid-Anleihen: Attraktive Risiken
Hybrid-Anleihen: Attraktive Risiken
 
Intelligente Ordertypen: Mit Strategie und Ziel geschickt Aufträge platzieren
Intelligente Ordertypen: Mit Strategie und Ziel geschickt Aufträge platzierenIntelligente Ordertypen: Mit Strategie und Ziel geschickt Aufträge platzieren
Intelligente Ordertypen: Mit Strategie und Ziel geschickt Aufträge platzieren
 
Webinar: Gold als Anlage – Xetra-Gold als Produkt
Webinar: Gold als Anlage – Xetra-Gold als ProduktWebinar: Gold als Anlage – Xetra-Gold als Produkt
Webinar: Gold als Anlage – Xetra-Gold als Produkt
 
Investor Day 2015: Presentation
Investor Day 2015: PresentationInvestor Day 2015: Presentation
Investor Day 2015: Presentation
 
Annual General Meeting: Presentation to the report of the CEO
Annual General Meeting: Presentation to the report of the CEO Annual General Meeting: Presentation to the report of the CEO
Annual General Meeting: Presentation to the report of the CEO
 
Hauptversammlung 2015: Präsentation zum Bericht des Vorstandsvorsitzenden
Hauptversammlung 2015: Präsentation zum Bericht des VorstandsvorsitzendenHauptversammlung 2015: Präsentation zum Bericht des Vorstandsvorsitzenden
Hauptversammlung 2015: Präsentation zum Bericht des Vorstandsvorsitzenden
 
Hauptversammlung 2015: Bericht des Vorstandsvorsitzenden
Hauptversammlung 2015: Bericht des VorstandsvorsitzendenHauptversammlung 2015: Bericht des Vorstandsvorsitzenden
Hauptversammlung 2015: Bericht des Vorstandsvorsitzenden
 
Jahreseröffnung 2015: Rede von Dr. Reto Francioni
Jahreseröffnung 2015: Rede von Dr. Reto FrancioniJahreseröffnung 2015: Rede von Dr. Reto Francioni
Jahreseröffnung 2015: Rede von Dr. Reto Francioni
 
ETFs – ein ganzer Markt in einer Order. Wie Sie den passenden Indexfonds find...
ETFs – ein ganzer Markt in einer Order. Wie Sie den passenden Indexfonds find...ETFs – ein ganzer Markt in einer Order. Wie Sie den passenden Indexfonds find...
ETFs – ein ganzer Markt in einer Order. Wie Sie den passenden Indexfonds find...
 
Summer Student Report #3
Summer Student Report #3Summer Student Report #3
Summer Student Report #3
 
Summer Student Report #2
Summer Student Report #2Summer Student Report #2
Summer Student Report #2
 
Summer Student Report #1
Summer Student Report #1Summer Student Report #1
Summer Student Report #1
 
Presentation investor day_2014
Presentation investor day_2014Presentation investor day_2014
Presentation investor day_2014
 
GSF Conference Asia Voting Results
GSF Conference Asia Voting ResultsGSF Conference Asia Voting Results
GSF Conference Asia Voting Results
 
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto FrancioniDeutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
 
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto FrancioniDeutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Presentation CEO Reto Francioni
 
Deutsche Börse Group Annual General Meeting 2014 Speech CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Speech CEO Reto FrancioniDeutsche Börse Group Annual General Meeting 2014 Speech CEO Reto Francioni
Deutsche Börse Group Annual General Meeting 2014 Speech CEO Reto Francioni
 
Deutsche Börse Hauptversammlung 2014 Präsentation CEO Reto Francioni
Deutsche Börse Hauptversammlung 2014 Präsentation CEO Reto FrancioniDeutsche Börse Hauptversammlung 2014 Präsentation CEO Reto Francioni
Deutsche Börse Hauptversammlung 2014 Präsentation CEO Reto Francioni
 
Factsheet STOXX GC Pooling Indizes
Factsheet STOXX GC Pooling IndizesFactsheet STOXX GC Pooling Indizes
Factsheet STOXX GC Pooling Indizes
 

Recently uploaded

一比一原版(KPU毕业证书)昆特兰理工大学毕业证成绩单学位证书
一比一原版(KPU毕业证书)昆特兰理工大学毕业证成绩单学位证书一比一原版(KPU毕业证书)昆特兰理工大学毕业证成绩单学位证书
一比一原版(KPU毕业证书)昆特兰理工大学毕业证成绩单学位证书
atedyxc
 
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
atedyxc
 
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
atedyxc
 
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
atedyxc
 
一比一原版(UC Berkeley毕业证书)加利福尼亚大学伯克利分校毕业证成绩单学位证书
一比一原版(UC Berkeley毕业证书)加利福尼亚大学伯克利分校毕业证成绩单学位证书一比一原版(UC Berkeley毕业证书)加利福尼亚大学伯克利分校毕业证成绩单学位证书
一比一原版(UC Berkeley毕业证书)加利福尼亚大学伯克利分校毕业证成绩单学位证书
atedyxc
 
Zepto Case study(On Track to Profitability).pptx
Zepto Case study(On Track to Profitability).pptxZepto Case study(On Track to Profitability).pptx
Zepto Case study(On Track to Profitability).pptx
aryan963438
 
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
atedyxc
 
Prezentacja Q1 2024 EN strona www relacji
Prezentacja Q1 2024  EN strona www relacjiPrezentacja Q1 2024  EN strona www relacji
Prezentacja Q1 2024 EN strona www relacji
klaudiafilka
 
wiley-cpa-review-focus-notes revieww.pdf
wiley-cpa-review-focus-notes revieww.pdfwiley-cpa-review-focus-notes revieww.pdf
wiley-cpa-review-focus-notes revieww.pdf
allysaamping
 

Recently uploaded (20)

L1 2024 Prequisite QM persion milad1371.pdf
L1 2024 Prequisite QM persion milad1371.pdfL1 2024 Prequisite QM persion milad1371.pdf
L1 2024 Prequisite QM persion milad1371.pdf
 
一比一原版(KPU毕业证书)昆特兰理工大学毕业证成绩单学位证书
一比一原版(KPU毕业证书)昆特兰理工大学毕业证成绩单学位证书一比一原版(KPU毕业证书)昆特兰理工大学毕业证成绩单学位证书
一比一原版(KPU毕业证书)昆特兰理工大学毕业证成绩单学位证书
 
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
 
Indirect tax .pptx Supply under GST, Charges of GST
Indirect tax .pptx  Supply under GST, Charges of GSTIndirect tax .pptx  Supply under GST, Charges of GST
Indirect tax .pptx Supply under GST, Charges of GST
 
What exchange can I sell my pi coins in 2024
What exchange can I sell my pi coins in 2024What exchange can I sell my pi coins in 2024
What exchange can I sell my pi coins in 2024
 
Economics - Development 01 _ Handwritten Notes.pdf
Economics - Development 01 _ Handwritten Notes.pdfEconomics - Development 01 _ Handwritten Notes.pdf
Economics - Development 01 _ Handwritten Notes.pdf
 
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
 
how do i convert pi coins to usdt easily.
how do i convert pi coins to usdt easily.how do i convert pi coins to usdt easily.
how do i convert pi coins to usdt easily.
 
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
 
一比一原版(UC Berkeley毕业证书)加利福尼亚大学伯克利分校毕业证成绩单学位证书
一比一原版(UC Berkeley毕业证书)加利福尼亚大学伯克利分校毕业证成绩单学位证书一比一原版(UC Berkeley毕业证书)加利福尼亚大学伯克利分校毕业证成绩单学位证书
一比一原版(UC Berkeley毕业证书)加利福尼亚大学伯克利分校毕业证成绩单学位证书
 
How do I sell my Pi Network currency in 2024?
How do I sell my Pi Network currency in 2024?How do I sell my Pi Network currency in 2024?
How do I sell my Pi Network currency in 2024?
 
how to exchange pi coins for USD in 2024.
how to exchange pi coins for USD in 2024.how to exchange pi coins for USD in 2024.
how to exchange pi coins for USD in 2024.
 
Zepto Case study(On Track to Profitability).pptx
Zepto Case study(On Track to Profitability).pptxZepto Case study(On Track to Profitability).pptx
Zepto Case study(On Track to Profitability).pptx
 
Fintech Belgium General Assembly and Anniversary Event 2024
Fintech Belgium General Assembly and Anniversary Event 2024Fintech Belgium General Assembly and Anniversary Event 2024
Fintech Belgium General Assembly and Anniversary Event 2024
 
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
 
Prezentacja Q1 2024 EN strona www relacji
Prezentacja Q1 2024  EN strona www relacjiPrezentacja Q1 2024  EN strona www relacji
Prezentacja Q1 2024 EN strona www relacji
 
New Stratus Corporate Presentation May 2024
New Stratus Corporate Presentation May 2024New Stratus Corporate Presentation May 2024
New Stratus Corporate Presentation May 2024
 
International economics – 2 classical theories of IT
International economics – 2 classical theories of ITInternational economics – 2 classical theories of IT
International economics – 2 classical theories of IT
 
wiley-cpa-review-focus-notes revieww.pdf
wiley-cpa-review-focus-notes revieww.pdfwiley-cpa-review-focus-notes revieww.pdf
wiley-cpa-review-focus-notes revieww.pdf
 
Consumer rights and its importance and value
Consumer rights and its importance and valueConsumer rights and its importance and value
Consumer rights and its importance and value
 

Annual Reception 2015: Speech of Dr Reto Francioni

  • 1. Convenience translation from German into English Check against delivery New Year’s Reception 2015 Deutsche Börse Group 19 January 2015 [Embargoed until 19 Jan, begin of Francioni´s speech] Reto Francioni Chief Executive Officer Deutsche Börse AG, Frankfurt/Main
  • 2. Check against delivery / Embargoed until 19 Jan, begin of Francioni´s speech 2 Honourable Chancellor, Honourable President of the Bundesrat, ladies and gentlemen, Allow me to take this opportunity to welcome you, which for me will be for the last time. I am therefore all the more grateful to be able to say a few words to you today. Above all, I would like to use this speech to express my gratitude. First of all to you, Chancellor. Thank you so much for your fascinating speech, your work on behalf of the Frankfurt financial centre, and of course for your visit! I am particularly grateful for your visit, Chancellor, since you were forced to turn us down last year following an unpleasant but fortunately not too serious encounter with the effects of gravity on snowy ground. But today you are here in full health, and we have just heard what that means. So thank you for being here, and thank you for your interest in us, the Frankfurt financial community! Ladies and gentlemen, almost exactly two years ago at this same event I said that market growth would above all be seen in Asia rather than Europe. I told you that Deutsche Börse considered itself to be in an exceptionally favourable position to safeguard its hard-won market position on the European and Asian markets and to make its mark with a considerable lead in China. We continued to make considerable progress in this respect over the past year. Take our strategic alliance with the Bank of China, for example, which allowed the Frankfurt financial centre to become the
  • 3. Check against delivery / Embargoed until 19 Jan, begin of Francioni´s speech 3 euro zone’s first ever clearing centre for the renminbi. And then there are our activities in Singapore, which we are continuing to expand by setting up a clearing house. These are just some of the achievements that we owe mainly to our Asia Task Force, which does an outstanding job and that I would also like to thank this evening. The expansion of our activities in Asia reflects the region’s shift in economic importance and growth. A few weeks ago it was reported in the media that China had overtaken the United States in terms of national purchasing power over the past year. And with growth rates in the region of seven per cent, on the existing, impressive basis, China will continue to build on this lead. Asia has seen a correspondingly rapid rise in demand for safe and integrated exchange services. The continent has become the engine of the global economy, and is likely to remain so for the foreseeable future. I find this encouraging, because not so long ago only Europe and the United States played significant economic roles. Today we have three strong regions. Asia, ladies and gentlemen, is one of our central topics. But the future of the global financial services industry as a whole is equally important. In October 2008, the world of finance stood on the brink of disaster following the collapse of Lehman Brothers. The resulting crisis of trust was enormous in scale. Trust is the foundation of all business – and nowhere is that more true than in the financial services sector. But trust is above all a product of integrity, decency and responsibility. These values have always been important to us, and will continue to guide our actions.
  • 4. Check against delivery / Embargoed until 19 Jan, begin of Francioni´s speech 4 Seven years on from the events of 2008, we can say that the most serious financial crisis of recent decades has been overcome even if the government debt crisis continues to persist in some countries of the euro area. Chancellor, from a political perspective, the fact that the worst case scenario was averted can largely be attributed to you. And so I would like to thank you now on behalf of many of my colleagues for all that you have done for Europe over the years. Of course I would not want to talk about stability – especially price stability – without mentioning the outstanding achievements of the Bundesbank and the European Central Bank. Ladies and gentlemen, honoured guests, all of you have earned my utmost respect for what you have achieved by working so hard together. Times have not been easy, and we still have a lot of work to do. I am extremely proud that, even in the darkest of hours, our systems played a part in stabilising the situation. For this my gratitude is owed in no small part to my colleagues, with whom I have worked at this impressive company for more than a decade.
  • 5. Check against delivery / Embargoed until 19 Jan, begin of Francioni´s speech 5 The stability of the European financial markets is one thing. Another is growth and the creation of jobs in Europe. This must be a matter of priority for all of us. In particular European Commission President Jean-Claude Juncker has defined it as a political priority for the years ahead. Among other things, the proposed capital markets union is intended to implement the vision of an integrated and harmonised European financial market. Its primary aim, however, is to improve access to additional sources of financing as well as traditional bank financing in order to contribute to the growth of the European markets and a level of prosperity that extends beyond Europe. This evening I would like to promise that Deutsche Börse AG will lend its emphatic support to this plan. Ladies and gentlemen, on a personal note: As you know, after a decade of leading Deutsche Börse I will be handing over my responsibilities to my successor Mr. Carsten Kengeter in the middle of this year, and I would also like to welcome him personally. This represents a transition to a new generation. Mr. Kengeter, I would like to wish you all the best and the continued success that this company deserves! I myself will be happy to remain associated with Frankfurt’s financial centre, but at the same time I am looking forward to the next stage in my life.
  • 6. Check against delivery / Embargoed until 19 Jan, begin of Francioni´s speech 6 Finally, as those of you who have been coming for many years will know, all that remains for me to do is to give you a matchless piece of wisdom from the world of football for the start of another year on the stock exchange. This year I would like to fall back on my favourite quote, which is from the Austrian footballer Hans Krankl and not Lothar Matthäus. For me it cannot be beaten as a motto for the future of this company, for the financial centre and for the world of politics [slight pause]: "We have to win; everything else is of primary importance." There is nothing that I can add to that. Chancellor, honoured guests, thank you for listening, and I would like to wish you an entertaining evening and health and success in 2015.