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SURVEY: London will lose its crown as the world's global financial centre within 5 years

London may lose its crown as leading financial centre by 2023 according to a new Global Regulatory Outlook report.

  • London has been named the world’s leading financial sector by a Duff & Phelps report, which surveys senior financial professionals.
  • The majority of professionals said they believe London will lose its top status by 2023.
  • Julian Korek, Head of Compliance Consulting at Duff & Phelps, said “There is still a lot of hard work ahead for the City if it wants to retain the top position in a post-Brexit climate. When it comes to shaping London’s future outside of the EU, decisions taken now will be crucial in laying the groundwork for years to come.”
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