Closing conditions

Author: | Published: 8 Jul 2019

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...