“Among the top 50 financial centers, London saw the largest decline in its score,” said Mark Yeandle, author of the report and associate director of Z/Yen, in a statement. “This appears to be influenced by a series of factors, including... uncertainty in Europe, a potential decrease in London's welcoming attitude toward foreigners, and the extent of market manipulation.”
Hong Kong and Singapore ranked third and fourth respectively, the same as the previous year. However, the gap between the top four financial centers and the “chasing group” led by Zurich, Tokyo, and Seoul is continuously narrowing.
TheCityUK, a British financial and professional services lobbying organization, pointed out that London's slip from the top spot could serve as a wake-up call for European policymakers.
Please be reminded that the above report was compiled based on the assessments of 3,246 financial services professionals.
