New York tops London in finance center survey

New York retained the top spot in a survey of global financial centers on Friday, with London strengthening its position in second place just over three months before Britain’s full departure from the EU.

The Global Financial Centers Index (GCFI) is based on a survey by the Z/ Yen Group in partnership with the China Development Institute of more than 54,500 assessments collected from 8,549 professionals working in the sector.

The assessments look at political stability, regulatory environment, availability of skilled staff, quality of life, infrastructure, availability of capital, market liquidity, reputation and diversity. “GFCI 28 shows increased confidence in the leading financial centers, but a reduction in confidence in other centers,” said Michael Mainelli, executive chairman of Z/ Yen.