While the report relies on data from 2019 — before Brexit came into effect, and before London lost its crown as Europe’s top place to buy and sell shares — it underlines the City’s lead over European rivals as a hub for derivatives and foreign-exchange trading, asset management, venture capital and banking.
Paris and Frankfurt have their work cut out if they are going to seriously challenge the City of London.
That is the conclusion of an analysis by London-based think tank New Financial, which found five times more international financial activity in the UK than France or Germany.
