BM&FBOVESPA Receives UK Chancellor of Exchequer
OREANDA-NEWS. BM&FBOVESPA received a visit on Wednesday from the UK's Chancellor of the Exchequer George Osborne. During the event, at which there was the symbolic ringing of the opening bell, George Osborne announced the launch the Emerging Markets Capital Taskforce to develop financial and capital markets in those countries. Also at the meeting were representatives from the National Association of Brokerage Firms and Dealers of Stocks, Exchange and Commodities (ANCORD) and other financial market executives.
The Chancellor of the Exchequer highlighted how Brazil is a priority market. He expressed a desire to construct a deeper relationship with Brazil, saying that emerging markets are central for the growth and stability of the global economy. He forecast that over the next 10 to 15 years around 90% of global demand will come from outside of Europe and that most of this will come from emerging markets.
BM&FBOVESPA CEO Edemir Pinto congratulated the initiative and during the event highlighted the importance of the UK as a financial center that is a global point of reference. “The Brazilian market has an historic relationship with the UK. Its financial institutions have solid ties of trust with Brazil and a fundamental role in our economy,” said the BM&FBOVESPA CEO.