Selected quotes on Wednesday

LONDON (Reuters) - The following is a selection of some of the key quotes by speakers during the Reuters Investment Banking Summit in London.

TOM KING, HEAD OF EUROPEAN INVESTMENT BANKING, CITIGROUP:

On the growth in leveraged buyouts:

"It's inevitable that mistakes are going to be made. We've really been on a default holiday in the credit markets."

On the growth in merger and acquisition (M&A) activity:

"We have corporates back in the M&A market with both feet. We have the traditional private equity sponsors in the market with both feet, they also just reloaded funds. But we also have a whole other wave of capital. We have hedge funds; we have infrastructure players; we have investment banks; we have entrepreneurs and families; we have Russian oligarchs and we have petrodollar money."

"There's a whole new wave of money that's coming and looking to acquire assets, which we really didn't see in the last bull run.

JERRY DEL MISSIER, CO-PRESIDENT, BARCLAYS CAPITAL

"While everybody worries about a lack of risk premium in some of the markets, it's difficult to see that changing in the next six months."

"It would be foolish to say we've outlawed systemic risk. However, you do have to recognize the markets have matured and are much more stable."

"The returns from private equity investments and hedge funds, some of these things which in the past have been 30 or 40 percent, are more likely to be lower and the prices paid for assets are more likely to yield lower returns rather than spectacular gains or spectacular busts."

RICHARD MURLEY, MANAGING DIRECTOR, ROTHSCHILD

On investment bank plans to establish a pan-European stock market to rival the London Stock Exchange (LSE).

"The LSE has no divine right to exist."

"It's an open secret banks have been extremely unhappy about costs of dealing."

"The real question is whether they can attract the liquidity."