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Evening Standard

Business

Professor Stefan Allesch-Taylor

London’s financial dominance is under siege

London Nikolay Storonsky Revolut Kemi Badenoch PRA United Kingdom City the Financial Conduct Authority

London’s financial dominance is under siege. In the City not a day goes by without senior executives with serious media pull shouting about how completely useless our regulators are and what a dreadful country we are for business in general because of it.

There’s currently so much open hostility towards London it’s hard not to think seasoned executive Albert Manifold (CEO of CRH PLC), technology titan Masayoshi Son (CEO of SoftBank and majority owner of microchip giant Arm Holdings), trainee technology titan Nikolay Storonsky (CEO of challenger bank Revolut) and others don’t have a point in dismissing London as a competitive financial centre, and as undeserving of their businesses.

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