International comparisons of global city financing: a report to the london finance commission.2/12/2024 ![]() ![]() ![]() The group is composed of 17 experts, community leaders and practitioners from a broad range of science, policy and front-line practice expertise from all regions of the globe. The Commission is an independent body, convened by the Government of the Netherlands and facilitated by the Organisation for Economic Co-operation and Development (OECD).Ĭhaired by Professor Mariana Mazzucato, WTO Director-General Ngozi Okonjo-Iweala, Professor Johan Rockström and Singapore Senior Minister Tharman Shanmugaratnam, it will develop the new thinking on economics and governance required to lead countries out of the current impasse. The roadmap sets out a long-term plan to reinforce and renew the UK’s role as a global financial centre for the remainder of the decade and beyond.Image: ©Carel de Groot Water is almost totally absent from the global policy stage. To ensure the UK financial and professional services sector continues as best in class internationally, the City of London Corporation has launched Finance for growth: a roadmap. The report benchmarks the financial and professional services competitiveness of London against New York, Singapore, Frankfurt, Paris, Hong Kong, and Tokyo. These results show that London’s position is robust across the board, but its future success as a financial centre is not preordained. It is the only centre to rank in the top three for each of the dimensions: Its holistic offer is uniquely compelling. London’s scores remain excellent overall, demonstrating both strength and consistency. ![]() The report is an in-depth exploration of five key competitiveness dimensions. Our global offer to business assesses the UK as an international centre for financial and professional services. London and New York take joint first position in our annual competitiveness benchmarking study. ![]()
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