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Competition at the top of the GFCI is intense. London remains second, but the signs for the future are worrying with Asian and other European centers showing strongly, policy uncertainty, Brexit, trade wars and geopolitical unrest are causing more volatility in financial center performance.

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Michael Mainelli

Michael Mainelli

Michael Mainelli is Chairman of Z/Yen, a commercial think-tank, which he co-founded in 1994. He is Emeritus Gresham Professor of Commerce at Gresham College in London, an Alderman of the City of London (Broad Street (ward)), and founder of the Long Finance initiative.

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