- 4 of the 10 centers are in the US, UK, or Canada and 2 more — Hong Kong and Singapore — originated as British colonies, continue to have a close financial relationship with Britain, and they use UK-based legal systems. Take a look at the whole list in the Z/Yen report via the link above: in the top 20 centers, 11 are in the US, UK, Canada, or Australia.
- The financial crisis has neither created new rivals nor knocked the old centers off their perches. When the crisis hit in 2008, the commentariat rose as one to proclaim the death of “Anglo-Saxon” capitalism and the global financial culture that it spawned. New financial centers with smarter rules and closer links to governments were going to drive the tired old Anglophones to the wall. Hasn’t happened.
The wide reports of the doom of the Anglosphere were, as usual, premature. Financial power changes slowly over time; Amsterdam was once the world’s premier financial center in the Golden Age of the Dutch Republic. Even today it ranks 33rd. History seems to be accelerating a bit, but it may still take London another hundred years or more to fall as far as Amsterdam has.