ground breaking ceremony of the new barclays bank zambia plc head office speech by dr. denny h. kalyalya governor – bank of zambia thursday, june 6, 2019 lusaka, zambia ground breaking ceremony of the new barclays bank zambia plc head office funded by the absa group limited, speech by dr. denny h. kalyalya, governor – bank of zambia – 6 june 2019 the absa group ceo, mr rene van wyk ; the director, bank supervision department, boz, ms. gladys mposha ; the director, economics department, boz, dr. francis chipimo ; the deputy group ceo and ceo absa regional operations, mr peter matlare ; deputy ceo, absa regional operations & chief operating officer absa cib, mr temi ofong ; the barclays bank zambia board chairperson, ms chishala kateka ; the barclays bank zambia managing director, mrs mizinga melu ; executives from absa group ; representatives from sunshare ; staff from boz ; management and staff of barclays bank zambia plc ; distinguished invited guests ; and members of the press. it is my great pleasure to officiate at this ground - breaking event of barclays bank zambia plc new head office. distinguished guests, the construction of the new head office for barclays bank zambia plc, which will be rebranded as absa bank zambia from next year, is a demonstration of the efforts and commitment by absa group limited to become a pan - african organisation, that is interested in the sustainable development of the financial sector and the economies of the countries they operate in. ladies and gentlemen, this event, also marks a new chapter for one of zambia ’ s oldest banks. barclays bank zambia has been in the country for over a century having opened its first branch in june 1918. today, the bank has a widespread presence across the country with 41 branches, 103 atms, and other digital service delivery channels. it employs in excess of 800 staff. distinguished guests, barclays bank zambia is one of the biggest banks in the zambian banking industry and plays a significant role in the market through the various products and services as just indicated. it is our expectation that absa group limited, the parent company of barclays bank zambia plc, will continue to build on the foundation and heritage that has been established over the last century. the bank is expected to remain a committed partner in driving financial sector development and supporting the country ’ s

andreas dombret : competition policy and regulation in a global economic order welcome address by dr andreas dombret, member of the executive board of the deutsche bundesbank, at the reception given by the deutsche bundesbank at the annual congress of the verein fur socialpolitik, dusseldorf, 5 september 2013. * 1. * * welcome mr burda members of the verein fur socialpolitik ladies and gentlemen on behalf of the deutsche bundesbank, i would like to warmly welcome you to this reception. it gives me great pleasure to be your host again this year. as you will all be aware, the verein fur socialpolitik and the bundesbank have enjoyed very close relations for many years now, and it is a relationship that is fruitful for both sides. academic study and research are indispensable foundations underpinning the work of central banks. and central banks offer an attractive research environment. added to this, the issues facing central banks often stimulate new research projects. however, research conducted by members of the verein fur socialpolitik is not only relevant to central banks, as your annual congresses clearly demonstrate. competition policy and regulation are topical issues which have attracted broad public attention. the ongoing negotiations between the european union and the usa over a transatlantic free trade area are a case in point. this agreement could herald the creation of the largest free trade area in the world, which is something i would warmly welcome. as for the topic of regulation, i ’ m sure i ’ m not alone in thinking first and foremost of financial sector regulation. as it happens, the g20 heads of state and government are debating reforms to financial sector regulation this very day at their st petersburg summit. and yet competition policy and regulation not only matter to policymakers and the public at large ; they are equally relevant to all kinds of sub - genres of the economic sciences, as we can see from the impressive range of topics covered by today ’ s annual congress. let ’ s now take a brief look at the relationship between competition policy and regulation in the financial sector. 2. competition policy in the financial sector the political order envisages a clear - cut relationship between state and market : the state creates a setting in which market forces can thrive. hence, the state ’ s role in competition policy is to ensure effective competition. it sets the rules of the game but stays off the playing field. there have always been instances where reality