Sizing Up the City London's Ranking as a Financial Centre by Centre for the Study of Financial Innovation Street pdf

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Sizing Up the City London’s Ranking as a Financial Centre by Centre for the Study of Financial Innovation Street pdf free download

Sizing Up the City London’s Ranking as a Financial Centre by Centre for the Study of Financial Innovation Street pdf free download. In this report we explore the perceptions held by a wide range of City practitioners and observers of London’s competitiveness as a financial centre compared to New York, Paris and Frankfurt. We obtained input from 350 institutions: banks, fund managers, insurers, technology providers, professional firms, trade associations and public officials by means of questionnaires and interviews. More than half the firms we spoke to were under non-British ownership.

Sizing Up the City London’s Ranking as a Financial Centre by Centre for the Study of Financial Innovation Street pdf free download

Findings London comes a close second to New York in terms of international financial centre competitiveness, and some way ahead of Paris and Frankfurt. This is based on an Index of Competitiveness that we compiled out of survey responses which ranked the key attributes of financial centre success as follows:
1. A pool of skilled labour;
2. A competent regulator;
3. A favourable tax regime;
4. A government that is responsive to financial sector concerns;
5. A light regulatory touch; and
6. An attractive living environment.

Sizing Up the City London’s Ranking as a Financial Centre by Centre for the Study of Financial Innovation Street pdf free download

London scored well on regulation, tax and the quality of its talent pool, but poorly on government responsiveness and the living and working environment. New York was stronger than London in all areas except regulation, though on labour and tax it was a photo finish. The two Continental centres were weaker in all areas except the living and working environment, where Paris was rated best of the four.

Sizing Up the City London’s Ranking as a Financial Centre by Centre for the Study of Financial Innovation Street pdf free download

Sizing Up the City London's Ranking as a Financial Centre by Centre for the Study of Financial Innovation Street pdf free download


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