London — London retained its crown as the world’s top financial centre in a ranking that surveys industry professionals, extending its lead over New York and Hong Kong, despite ongoing uncertainty about the implications of Brexit. The UK capital fell only two points in the latest Global Financial Centres Index published by Z/Yen and the China Development Institute, the smallest decline among the top 10 centres. New York held on to second place, but fell 24 index points overall, "presumably due to fears over US trade", the survey said. Frankfurt, Dublin, Paris and Amsterdam — all set to gain banking jobs that are likely to have to leave London — all rose. In Asia, Hong Kong leapfrogged Singapore into third place, while other US cities followed New York in losing points. "Overall assessments for the European centres continued to fluctuate as people speculate about which centres might benefit from London leaving the EU," Mark Yeandle, associate director of London-based think tank Z/Yen...
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