London remains on top of the world for global financial services says major report

London has retained its top spot as the world’s leading financial centre, fending off stiff competition from New York and Asian cities, according to an authoritative study to be published today.

The global financial centres index, compiled by think tank Z/Yen, will show the City leading the pack of 110 cities analysed for the 23rd edition of the international rankings.

The City scored 794 points on the index, pipping New York to the post by one point. The ranking is based on 103 separate factors and draws on data from the World Bank, the United Nations and the OECD, as well as the survey responses of more than 2,300 financiers from around the world.

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