Leading Index finds London number one – TheCityUK warns against complacency

In response to the Z/YEN Global Financial Centres Index (GFCI 23) released today, Miles Celic, Chief Executive Officer, TheCityUK, said,

It’s great news that London continues to be recognised as the world's leading international financial centre. This underlines the strength and breadth of the ecosystem, financial infrastructure and globally competitive offering.

“That said, we cannot afford the self-indulgence of complacency. Other financial centres, particularly those in North America and Asia are increasingly competitive and will continue to vie for a greater share of global business. If we falter, they will make up the ground on us fast.

“With no other European centre in the top 15, London’s offering continues to be a critical part of wider European competitiveness, underlining the need for a Brexit deal that keeps markets open and efficient, and which does not needlessly damage European economic growth.”