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About City of London

Time:2007-05-23 11:55:43

London is highly successful. It is the world's leading international financial and business centre - a global powerhouse at the heart of the UK's economy. Its markets are innovative, competitive and internationally focused. The best companies in the world do business in London because London is the place to do business best.

——$1,109bn foreign exchange turnover each day in London (32% global share) 
——40% of the global foreign equity market 
——70% of all eurobonds traded in London
——20% of international bank lending arranged in the UK (largest single market)
——The world's leading market for international insurance. UK worldwide premium income reached £167bn in 2005
——£3,450bn total funds under management in the UK in 2005
——£1,607bn pension fund assets under management (third largest in the world)
——$643bn daily turnover in 'over the counter' derivatives (43% of global share)
——75% of Fortune 500 companies have London offices
——610 foreign companies listed on the London Stock Exchange (LSE)

However, no city has the given right to be world class. In an age of uncertainty a global financial centre like London has to discover new ways to retain its competitive advantage and over the past ten years

London has increased or maintained its market share in international financial markets.

Data from:City of London

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