Lord Mayor of London The ceremony is known as the "Silent Ceremony" because, aside from a short declaration by the incoming Lord Mayor, no speeches are made. At Guildhall, the outgoing Lord Mayor transfers the mayoral insignia — the seal, the purse, the sword and the mace — to the incoming Lord Mayor. The Lord Mayor to be elected in November 2017 was known in April of that year. The day after being sworn into office, the Lord Mayor leads a procession from the City of London to the Royal Courts of Justice in the City of Westminster, where the Lord Mayor swears allegiance
Lord Mayor of London government ministers, businessmen and dignitaries; furthermore, they conduct several foreign visits of their own so as to promote British financial sectors. Banquets hosted by the Lord Mayor serve as opportunities for senior Government figures to deliver major speeches. At the Lord Mayor's Banquet (held on the Monday after the Lord Mayor's Show), the Prime Minister delivers the keynote address. At the Banker's Dinner in June, the Chancellor of the Exchequer delivers a speech known as the "Mansion House Speech", which takes its name from the Lord Mayor's residence. At the Easter Banquet, also hosted each year at the Mansion House,