London's future: The City changes course

A growing litany of scandals is challenging London's position as never before. With capital fast building up in Asia itself, what role does The City have in the future?

London's future: The City changes course
Buckingham Palace is lit up by fireworks during the Queen’s diamond jubilee concert in June this year (AFP)

Depending on your viewpoint, London is either booming, or completely falling apart. After the Diamond Jubilee and the Olympics, London’s reputation as a party town has never been higher. In stark contrast, its reputation as a financial centre has never been lower.

This Janus-faced dichotomy is accepted by all who work in the UK financial services sector. But to outsiders it is a cause of concern. And now, Asian companies and governments are hesitating...

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