WorldLONDON, REUTERS -London's role as the world's top financial centre could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centres index (GFCI), which looks at 87 financial centres, showed that London remains just ahead of New York, followed by Singapore and Hong Kong. The survey looked at competitiveness, business environment, infrastructure, and responses to questionnaires from people working in financial services. “GFCI 21 may show some significant changes.” Apart from London, Zurich is the only other European financial centre in the Z/Yen top 10, in ninth place. Rival financial centres in Europe, such as Paris, Frankfurt, Luxembourg and Dublin, are hoping that some banking and other financial services based in Britain will move onto their turf.

Source: Sunday Times September 26, 2016 13:30 UTC