Commissioned by Kinetic Partners, the 2015 Global Regulatory Outlook report indicated that 59% of those questioned cited New York as the leading financial centre, topping London by an extra 21%. This means the number of people putting London at the top of the list has seen a slide of 6% in a year.
"Even starker"
Kinetic Partners said this figure is “even starker” when viewed alongside the same survey two years ago, which found 65% of those polled thought London was the leading centre for finance.
Chief executive and founding partner of Kinetic Partners, Julian Korek, said: “This shift from just two years ago is a testament to the resilience of the New York market.
“Despite uncertainty following the 2008 crisis, New York has proven that it can draw and maintain institutions that believe it is the best place to grow their businesses.”
The annual survey also revealed that only 28% of respondents thought London could lead the financial world in five years’ time, while 46% said they expected New York to be in the lead.
“The debate over the relevance and benefit of the seemingly never-ending barrage of regulation will continue,” said Allison Gill, director on Kinetic Partners’ regulatory compliance team in New York. “But the fact remains that the industry has largely adapted and the global community still has confidence in the importance of New York.”
Meanwhile, the survey revealed that more than half of those polled thought the leading emerging financial centre in 2019 would be Shanghai, which is a 48% increase when compared to last year’s survey.
