Paris and Frankfurt have their work cut out if they’re going to seriously challenge the City of London.
That’s 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.
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 dominant role in Europe as a hub for derivatives and foreign-exchange trading, asset management, …
