Each year, as part of its Global Regulatory Outlook, Duff &
Phelps conducts an online survey of financial services executives
around the world to get their views on issues on the industry
agenda. This year's survey covered anti-money laundering (AML),
whistleblowing, technology and budgeting, as well as which city is
the current global financial hub and which one is most likely to
fill that role in the future—a telling indicator of forces
remaking the global financial landscape.
The Global Financial Hub: Brexit and Globalization
As it did last year, our survey closed by asking respondents to
choose the city they believe represents the world's financial
center today and the one they believe will play that role in five
years. Comparing this year's responses to last year's shows
the effects of both short-term and long-term global trends. Last
year, Brexit cast a shadow of uncertainty over the United
Kingdom's economy; it has now escalated to a full-blown
