# New York holds top spot, London second in Z/Yen financial centre survey
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-23
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: New York remains top financial centre in the world
Meta Description: Stay informed on the latest rankings from Z/Yen Group, highlighting how New York, London, and Singapore dominate the global financial landscape.
URL: https://financedigest.com/new-york-holds-top-spot-london-second-in-z-yen-financial-centre-surveyhtml

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LONDON (Reuters) – New York kept the top spot in the latest rankings of global financial centres from Z/Yen Group on Thursday, with London and Singapore also unchanged in second and third place.

New York overtook London to head the table in September 2018 — two years after Britain voted to leave the European Union — but London has retained its second place ranking since then, despite some predicting it could take a heavy knock from Brexit.

“New York retains a significant first position, and five other U.S. centres are in the top 10,” Z/Yen chairman Michael Mainelli said in a statement.

Finance industry officials worried about London’s global reputation as a financial centre after the Bank of England had to [step in last September to buy government bonds to stop](https://www.financedigest.com/10-steps-to-stop-lateral-movement-in-data-breaches.html "10 Steps to Stop Lateral Movement in Data Breaches") a rout in prices.

Markets had been unnerved by a [government announcement of unfunded tax cuts](https://www.financedigest.com/carrefour-unveils-30-euro-shopping-basket-in-spain-after-government-price-cut-proposal.html "Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal").

London has maintained its position, showing its strengths in finance, [despite Brexit and other politically](https://www.financedigest.com/uae-plans-long-term-economic-ties-with-israel-despite-political-strains.html "UAE plans long-term economic ties with Israel despite political strains") induced uncertainties,” Mainelli said.

The twice-yearly survey rates 120 financial [centres combining 61,449 assessments from 10,252 financial professionals with quantitative data](https://www.financedigest.com/data-centres-and-the-changing-financial-trading-landscape.html "Data centres and the changing financial trading landscape").

New York retains its [leading position](https://www.financedigest.com/leading-payment-platform-appoints-new-key-positions-to-help-with-growth.html "Leading Payment Platform Appoints New Key Positions to Help With Growth") in the Fintech ranking, followed by San Francisco, with London moving up one place to third, while Shenzhen rose three places to fourth, Z/Yen said.

(Reporting by Huw Jones; Editing by Alison Williams)


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