纽约还是伦敦的市场更有优势?

Julia, we're in a vast trading room here in New York. Does anybody here care two hoots about what's happening in Britain.

I think, you know, in global banking, we are very aware more than ever about what's going on in continental Europe, what's going on in the UK, what's going on in China. All of these things are much more interwoven than they ever have been.

But London, or the UK is a small European country.

Yes, but it's a financial, you know, mega-center. And so for us as a financial institution, we care very much.

What are the pros and cons of London and New York at the moment?

Well, London has the immutable pro of the time zones spanning the globe in a very nice and convenient way obviously. And just geographically, it's much, much better positioned to take advantage of the Asian strength, for example. So that's there.

And of course, if we look at foreign exchange, and to certain extent, corporate bond issuance, London is still way up there.

Yes, absolutely. London certainly has a lot of strength and momentum.

But if we then look at New York, New York is big and it, like, has got depth because of the size of the US economy. (Yes.) But it's a parochial market.
Well, it's parochial in some ways, but always developing and moving forward. So...
Just talk about the election. As you look at it from here. You are American? (Yes, I am.) As you look at what you are hearing from the UK, what are you thinking?
Well, there's clearly two very different views of the world represented in this election.  And I think that the way we look at it from the economics point of view, it certainly has implications for the growth potential of the UK and for the regulatory environment in the UK. So that could impact the financial industry very significantly.
But if you had a sort of a scale on regulatory issues, ‘cause that's gonna be a big fighting then, isn't it? And one was up and one was down. Who's got the upper hand on regulatory systems at the moment do you think?
Who's got the upper hand?
Yeah, who is more attractive on the regulatory systems, the London or the New York market?
Oh, I really can't... we can't say that right now. We've got a bill in front of the Congress on regulatory reform. That would change a lot of things. And it's been hotly debated. So we don't know how that's gonna come out. And we don't even know the results of the UK election. So there's a lot of uncertainties around this. I don't think we can really say with any certainty right now. I think in the next couple of months, we'll know a lot more about where things stand.
I got an airline ticket for you in my pocket to go to London, move to London. I'm gonna offer you to go and work in the London trading room. Are you gonna take it?
No, I wouldn't take it, thank you, you can keep that.
Thank you very much.

Glossary:

don't care two hoots: spoken to not care at all about someone or something
parochial: 偏狭的; 狭隘的