*  *  *  Mr Chairman I am appreciative of the invitation of the CAIB to address your Opening Ceremony at this very important juncture in our history. We are a very short time away from a year that will go into the before and after category, that is 2007.
Barclays in Africa was a successful story of over 100 years which is about to end not because it was not profitable – Barclays Africa generated nearly £ billion profit before tax in 2015 – but because, according to its Group CEO, of increased CET1 requirements by the UK regulatory authority, GSIB Buffer, TLAC, and the UK Bank Levy.