How the FSA keeps London on top

Last month, the House of Lords debated the future of London as a financial centre. Regarding London's present position there is no doubt; it is quite simply the most international capital market centre in the world. There are more than 250 foreign banks in London and last year, two-thirds of the initial public offerings in western Europe occurred in London. It is the centre chosen by most international financial services conglomerates as their headquarters in Europe or this timezone and it represents one of the most successful sectors in the British economy. There are many factors contrib...