London has no desire for a bonfire of regulations to retain its position as a top international finance centre after Brexit but it is ready to act if the European Union blocks access, the City of London's political leader said.
preventing large-scale or sustained terrorist attacks on the American homeland; and (5)
assuring the stability of the international economy, which is addressed below.
Executive Summary
In 2011, a task force on U.S.-Russian relations, led by Graham Allison and Robert D. Blackwill, identified the preservation of international economic stability as one of five vital U.S. national interests. In recent years, the United States has certainly faced major challenges that threatened the stable functioning of the global economic system, such as the 2008 Great Recession or the ongoing COVID-19 pandemic. The goal of this primer is to assess how Russia and the various threats Washington sees emanating from Moscow impact this vital U.S. interest.
What next for London, the world s second-largest financial center?
The UK-EU trade deal has done little to bolster Britain s financial services sector, a major contributor to its economy. DW breaks down what must happen after Brexit to stop the City of London from faltering.
The UK s financial hub has seen an exodus of workers and capital since the 2016 Brexit vote
The new UK-EU trade deal came into effect on Friday, giving Britain unprecedented market access to one of the world s largest trading blocs despite its messy divorce from Brussels.
The long-awaited agreement, sealed just before Christmas and approved by the UK Parliament on Wednesday by 521 to 73 votes, smooths the way for both sides to trade with zero tariffs and zero quotas. It is likely to be approved by the European Parliament in the new year.
India s GIFT IFSC Poised to Be a Global Financial Services Hub
Monday, December 28, 2020 10:00AM IST (4:30AM GMT)
Mumbai, Maharashtra, Ahmedabad, Gujarat, India: India’s first International Financial Services Centre (IFSC) at the Gujarat International Finance Tech City (GIFT City) made its global mark, being named among the ‘top emerging business hubs in the world’. The latest Global Financial Centers Index, London in September 2020 mentions the IFSC at GIFT City among 15 centers which globally, are likely to gain greater significance over the next 24 months.
There are three different structures of IFSCs: Full-service finance centre (Tokyo and New York), which largely support a large domestic economy; Offshore financial centers (Mauritius) which may not have a robust domestic economy but have international access and acceptance. The third, which India has adopted, is the hybrid structure (Singapore), wh
The Changing Status of Hong Kong as a Global Financial Center
The Changing Status of Hong Kong as a Global Financial Center December 18, 2020 Posted by China Briefing Reading Time: 4 minutes
Op-Ed by Mark Preen
In recent years, Hong Kong and its economy have experienced turbulence. The territory’s real GDP contracted by 1.2 percent in 2019, following the impact of anti-government protests, and the IMF projects that Hong Kong’s economy will contract by a whopping 7.5 percent in 2020 due to the COVID-19 outbreak. In response to the protests, Beijing enacted a National Security Law in June of this year. While the impact of COVID-19 is likely to be short to medium-term, the region’s sociopolitical tensions have raised concerns about the long-term economic credibility of Hong Kong, including its status as a global financial center.