London: The Financial Center That Trades More Dollars Than the US - VisualPolitik EN
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Published 2022-02-20
It was said that Brexit would mark a turning point for the City. That London would cease to be the great financial capital of Europe. That job losses and the relocation of entities to the continent would become the new normal. We were told that cities like Frankfurt, Paris or Amsterdam would become the new kings of European finance. Even Madrid set up its own office to attract financial institutions from London.
However, one year after Brexit, things look very different. So much so that, along with our friends at Value School, we have been asking a few questions: What influence does the City really have in the world's major financial centers? Is the city as threatened as its critics claim? Why is London, along with New York, the great financial capital of the world?
All Comments (21)
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I feel like this video only really started in the last 4 minutes and it stopped just as it was getting really interesting. I wanted to know more about how London was defying the predicted exodus that would happen after Brexit. Too much setting the scene which has been done in older videos before getting into the subject matter.
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The city may have lost the legal EU money after Brexit, but clearly the increased secrecy on dirty money is more than enough to compensate what's lost
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The City of London does all the trades and it is a separate economic entity apart from London and the rest of the UK.
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josh, stop skimping on the tropical shirt!
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Lots of information was unknown to me before watching this video. Great video. Keep it up.
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1:08 I suspect this is an editing mistake, the city of London is not made up of 33 boroughs, London is made up of 33 boroughs
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World epicentre financial services for dirty & corrupt money. Now without the worry of EU scrutiny. The next stage of ensuring t continues to do that has already began.
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thnx man it did not take you long!!!
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i do think the vid is wilfully misunderstanding what the doom and gloom predictions about City future are and were about- mostly about Euro trading and Euro nominated business which is gonna move to EU, EU understandingly decided to move it back under its purview and already set the target date 2025. And in the world of top tier of world global trade centres its cut-throat race- one centres loss is other ones gain, and its often game of small percentages and cumulative effect which may turn any slip up no matter how small into competitors permanent advantage. Hong Kong seems to be greatest loser due Chinas tightening grip on it but in case of City its all about rivalry with Wall Street and unavoidable loss of big part of Euro trade which is moving mostly to EU and Wall Street may quite possibly end up with better Euro trading deal than London and it would over time attract other related business that would be otherwise made in the City if UK stayed in EU and such development would permanently remove City as contender for global no. 1 spot even if City remains the biggest financial centre in Europe.
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No one said London financial city would 'collapse'. It would lose a lot of business to the E.U & the U.S . And that's what happend.
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London was never a financial capital because of the eu, it has been for 400 years, the eu is 30 years old if you measure it from Maastricht
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Images don't quite match up. EuroNext moving from Essex to Bergamo is illustrated with pictures of Cambridge and somewhere with a coastline (which Bergamo does not have). Really informative though :)
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Good info
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Such beautiful footage of London and especially Canary Wharf!! I was taking screenshots all through the whole video :)
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Well that's contrary to what i read on numerous news outlets! Sadly im going to take age old media over clickbait. Also ive been to Bergamo and my wife is from Brescia the neighboring city. There is no shoreline it has a river running through it.
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Hi Josh! Because foundation of London's financial activities has been for long without challenge,it's been impacted by the Brexit least. Thanks.
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"The prophecy has failed" Yeah, it only took, as you yourself said, to loosen up even more the regulation on finantial assets. What could go wrong? This is only good news for the owners in the City of London. Residents of London and people of the UK in general will only suffer from this lack of regulations during the next finantial crisis.
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@8.05 - if you meant for a photo of Bergamo in Italy, you have the wrong picture. 8.14 you have a picture of Edinburgh.
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A fair attempt to hype the City, but wait until 2025 to know the outcome, as things are still in motion with regards to London's financial market.
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“The Prophecy has failed” he said... 🙄😂😂😂😂😂
