A transatlantic mystery
We try not to get overly political here at IFLR, but
sometimes – especially in recent years – that
can be difficult. So when US consultancy firm Duff & Phelps
released its global regulatory outlook this May, offering some
curious statistics, things got interesting.
The report suggested that within the last year the world's
financial professionals have decided that the financial centre
of the world is no longer London, as it was last year and the
year before that and the year before that. It is, apparently,
now New York City.
Fifty-two percent chose New York, and only 36% chose London.
The year before, the numbers were closer to the reverse...