Lord Brittan: The current situation is, for the reasons you have given, one of the most challenging that we have faced in recent years. Nonetheless, if we respond in a calm and mature way to the separate challenges, I believe we can meet them successfully.
Lord Brittan: I think the relationship between Britain and Switzerland is in excellent shape. The extent of the commercial relationship as well as the personal relationship between citizens of the two countries is very substantial and very positive.
Lord Brittan: Britain is a very active player in most major world events and that represents huge challenges, costs and responsibilities. So it is natural that at times some of us in Britain should envy countries such as Switzerland which have to shoulder such responsibilities less actively and frequently. But historically we have been used to assuming these responsibilities and would not want to shirk them.
Lord Brittan: I have been proud of Brittan’s readiness to confront terrorism actively whether in our own country or elsewhere.
Lord Brittan: It has brought a new dimension to my life, but it has not fundamentally changed the way in which I see things now, as I continue to be involved in politics, no longer in Government, but for example through my membership of the House of Lords.
Lord Brittan: The most crucial requirement for both London and Zurich is rapid and close co-operation and having the tools to respond to crises effectively. Considerable progress has been made internationally in this direction since the recent international financial crisis.
Lord Brittan: As always the challenge is to be nimble and effective in our commercial activities, but, also to be fully aware of the regulatory framework in which we operate and to be vigilant to ensure that we operate within that framework.
Lord Brittan: Investment banking will continue to play a crucial and positive role in the global economy, while the recent experiences will ensure a higher degree of prudence than in the past. This should lead to greater confidence in the industry and a more sustainable path in the future.
Interview: Andreas Hammer, Marketing & Communications