New York retains position as world’s top financial centre 18 Mar 2021 / 00:47 H. A Staten Island Ferry vessel passing the Statue of Liberty in New York City. – REUTERSPIX
LONDON: New York kept the top spot in the latest Global Financial Centres Index (GFCI), with London clinging on to second place in the face of competition from Shanghai and other Asian centres.
The index, compiled by the Z/Yen Group, a London-based think tank, and the China Development Institute, looks at 143 yardsticks provided by outside parties such as the World Bank, The Economist Intelligence Unit, the Organisation for Economic Co-operation and Development and the United Nations.
Hong Kong rises to 4th place among world s financial centers
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New York stays top in finance as London loses ground, index shows
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Sorry Brussels! UK urged to define own agenda with focus on New York and Singapore James Bickerton
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Jes Staley, Barclays CEO, argued the advantages to Brexit will outweigh the costs if the Government makes the most of new opportunities. Speaking to BBC Radio 4 s Today Programme he said: I think Brexit is more than likely on the positive side than on the negative side. What London needs to be focused on is not Frankfurt, not Paris, it needs to be focused on New York and Singapore. Brexit gives the UK the opportunity to define its own agenda and in defining that agenda around financial services, staying competitive with other markets outside of Europe is really what the government here should be focused on.