The City of London Corporation has published new figures that show London and New York are joint in first place as leading financial centres globally. The report benchmarks the performance of the world’s leading financial centres across 95 metrics.
According to a new report published by the City of London Corporation, London and New York have jointly topped the list as the leading financial centres in the world. The report, titled “Our Global Offer to Business: London and the UK’s Competitive Strengths in Support of Growth,” evaluates the performance of the world’s top financial centres across 95 metrics. London has performed strongly across all key dimensions, including innovation, reach of financial activity, resilience and business infrastructure, talent and skills, and regulation.
Despite London’s strong performance, this is the first year of the study that London is not the clear leader, as other financial centres are growing faster. The report reveals that London has been given an overall competitiveness score of 60, up from 59 in 2022, while New York increased its score by 2 points to match London’s score of 60. Singapore was placed third with 51, followed by Frankfurt with 46, Paris at 43, and Tokyo, which scored 35.
This report is essential for policymakers and businesses looking to make informed decisions about financial investments and the future of the financial industry globally. For more information on the report, please visit the City of London Corporation’s website.