The Worlds Top Financial Cities A financial center or a financial hub refers to cities which have a strategic location, a strong presence of financial institutions, reputed stock exchanges, dense concentration of public and private banks, trading and insurance companies. In addition these are equipped with first class infrastructure, communications and commercial system. There is a transparent and sound legal and regulatory regime backed by a stable political system. Such cities are among the favorite destination for professionals because of the high living standard they offer along with immense growth opportunities. Let’s take a look at the top financial hubs across the globe (in no particular order): London Since the middle ages, London has been one of the most prominent trade and business centers. The city is one of the most visited places on earth and is among the most preferred places to do business. London is a well-known center for foreign exchange and bond trading in addition to banking activities and insurance services. The city is a trading hub for bonds, futures, foreign exchange and insurance. UK’s central bank, the Bank of England which is the second oldest central bank in the world is located in London. The bank controls the monetary system and regulates the issue of currency notes in UK. London is also the seat of the London Stock Exchange which is the largest stock exchange in Europe. In addition there is the London bullion market managed by London Bullion Market Association (LBMA), which is the worlds largest place for gold and silver wholesale trading.
Posted on: Mon, 15 Sep 2014 09:13:14 +0000
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