A tale of two cities

Tim Frost looks at why London has forged ahead in the credit derivatives stakes while New York has become something of an also-ran

Mayor Bloomberg of New York has been worrying about the relative decline of New York as a financial centre and has engaged management consultants to report on what can be done. Currently parts of New York City are festooned with banners defiantly declaring "New York the financial centre of the world".

This may remind older readers of the angst that London experienced in the 1990s as venerable City institutions were bought by foreigners and it seemed only a matter of time before Paris or 'Reading

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here