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You very much.
Shaking up the financial sector here and abroad John Nelson is the chairman of Lloyd's of London one of Britain's.
Largest banks and another hundred talk about this -- but I have to asking your initial reaction to the news.
From JPMorgan what are your thoughts.
Well good opportunity yes I mean it is a -- doesn't -- prove for the markets.
I think it's JPMorgan is a bank that I -- mom.
I think very very professionally run.
As far as we will learn that risk controls and compliance security but I think you know these kinds of incidence just reinforce.
The message that.
The financial world is giving to banks worldwide that they need to be resilient.
I'm capital so I think to provide that resilience -- -- have a more important and I think.
This example just on the lines that.
-- -- you know Lloyd's of London business for 300 years I mean you have Delta's telling us -- sterling reputation excuse me on.
The fact that you do manage risk -- that you over near the overseer of the -- the financial us within the insurance market some more around the world is anything that you.
-- to do differently at Lloyd's of London in the wake of the scandal.
Look I I've -- -- just read about this -- spend today most of today.
During the launch of our vision 2025.
Without prime minister David Cameron's I have -- the Charleston for exotic but.
Let me just say the structure of Lloyds which is and as united as an insurance market.
We we -- -- what we provide oversight and regulation on the on the rising process.
Which was stress tested.
About coincidence of catastrophe is.
And we came through very well without capital very much intact A plus rating intact.
And only all the side on the asset side we because -- -- general insurer role in the life insurer we keep our assets in cash or near cash.
And denied the government bonds local proponents -- we -- we have very conservatively invested we concentrate on covenants very much.
-- I feel that we that we all -- who would not be affected by.
OK well I'd I'd definitely would've thought about vision 20/20 five and this is kind of been the new way to new staring -- the ship if -- well Lloyd's of London.
What do you think is the biggest take away that we need to have.
From vision 20/20 five.
The biggest take away Israeli risks that the opportunity.
Full Lloyds and indeed for the specialist insurance and reinsurance market.
Is that -- -- were going to see in terms of that the moans about kind of risk.
Insurance is going to very exponentially over the next ten to fifteen years.
As the developing and emerging great countries develop an industrialized and commercialize and that will create.
A huge increase in the to mom's full insurance.
And what we want to make -- Is that Lloyds which at the moment is the preeminent marketplace that kind of risk.
Plays a full role in that -- the -- the strategy it is the strategy is designed to make sure that we we are not position.
John Nelson Lloyd's of London chairman it was great to have you on a day like today and best of what of course the points.
Thank you very much.
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