Transcript of the speech, exactly as it was delivered Honourable Minister, High Commissioner, ladies and gentlemen. It is a real honour to be here with you all this afternoon. Many thanks for that generous introduction and for joining us today. Just a few words about myself, I have the privilege of being the th Lord Mayor of the City of London.
Each centre's offering includes differing legal, tax and regulatory environments. London has been a leading international financial centre since the 19th centuryacting as a centre of lending and investment around the world. London is the largest centre for derivatives markets foreign exchange markets money markets issuance of international debt securities international insurance trading in gold, silver and base metals through the London bullion market and London Metal Exchange and international bank lending.
Since the middle of the 20th century, New York City, represented by Wall Streethas been described as a leading financial centre.
One report suggests that Japanese authorities are working on plans to transform Tokyo but have met with mixed success, noting that "initial drafts suggest that Japan's economic specialists are having trouble figuring out the secret of the Western financial centres' success.
They also appear on most lists of major tax havensand on lists of the largest Conduit and Sink OFCs in the world. Amsterdam is well known for the size of its pension fund market.
It is also a centre for banking and trading activities. Dublin via its International Financial Services Centre"IFSC"is a specialised financial services centre with a focus on fund administration and fund domiciling, as well as base erosion and profit shifting "BEPS" tax tools.
It is the largest securitisation location in the EU—28,    and the second largest domicile for investment funds, particularly alternative investment funds, after Luxembourg.
Many of the funds domiciled in Dublin are managed in London. InHong Kong became a Special Administrative Region of the People's Republic of Chinaretaining its laws and a high degree of autonomy for at least 50 years after the transfer. Most of the world's largest banks have a presence in the city.
Luxembourg is a specialised financial services centre that is the largest location for investment fund domiciliation in Europe, and second in the world after the United States. Many of the funds domiciled in Luxembourg are managed in London.
With its strong links with London,  Singapore has developed into the Asia region's largest centre for foreign exchange and commodity trading, as well as a growing wealth management hub.
However, the market capitalisation of its stock exchange has been falling since and several major companies plan to delist. Zurich is a significant centre for banking, asset management including provision of alternative investment products, and insurance. They are certainly major RFCs.
The second largest emirate in the United Arab Emirates is a growing centre for finance in the Middle Eastincluding for Islamic finance. Its emergence as a financial centre is relatively recent, although commercial banking activity in the UAE became established in the second half of the 20th century the first commercial bank in Dubai was British Bank of the Middle East inand the first domestic commercial bank was the National Bank of Dubai established in Frankfurt attracts many foreign banks which maintain offices in the city.
Berlin held the position during the intervening period, focusing on lending to European countries while London focused on lending to the Americas and Asia.
Italy's main centre of banking and finance. It hosts the Borsa Italiana stock exchange, one of the larger stock exchanges in Europe, which is now part of the London Stock Exchange Group.
Alongside equity trading on the Paris Stock Exchangethere is futures and options trading, insurance, corporate banking and asset management taking place in Paris. Paris has been a major financial centre since the 19th century. South Korea 's capital has developed significantly as a financial centre since the lates recession.
InSeoul ranked 53rd among global financial centres; bySeoul had risen to number 9. It ranked 7th in the Global Financial Centres Indexrecording the highest growth in rating among the top ten cities.
Official efforts have been directed to making Pudong a financial leader by Factors such as a "protective banking sector" and a "highly restricted capital market" have held the city back, according to one analysis in in China Daily. Australia's most populous city is a financial and business services hub not only for Australia but for the Asia-Pacific region.
Sydney competes quite closely with other Asia Pacific hubs, however it concentrates a greater portion of Australian-based business in terms of clients and services. Sydney is also home to 12 of the top 15 asset managers in Australia, Melbourne, on the other hand, tends to concentrate more of the Australian superannuation funds pension funds.
Sydney is using the large Barangaroo development project on its harbour to further position itself as an Asian Pacific hub.City practitioners to produce a report which analyses London’s market infrastructure, assesses its impact on the City’s performance, and identifies the policy imperatives that should be .
The City of London is known for its invisible earnings, as a hub of financial services such as insurance, commodities trading and investment. What is . Firms, large and small, can call upon all the external services needed to put together a complex financial deal, such as advice from lawyers and accountants, or the use of specialist markets.
London's finance industry including how much the finance industry is worth to the city of London, number of people employed, number of financial companies, main areas financial companies are located such as The City and Canary Wharf as well as information on some of the biggest financial companies in London.
Let’s take a look at the main players in the financial markets and their place in the City of London. London is one of the world’s three main financial centres – . - Lehman Liquidation: What caused it and what were the effects.
Lehman Brothers Holdings Inc. was a global financial services firm centered in New York City with regional headquarters out of Tokyo and London.
Lehman provided financial services to corporations, governments, institutions, and wealthy individuals worldwide.