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Key facts: the City of London
- London's
foreign exchange markets are the largest in the world, accounting
for over a third of global turnover.
- More people
have jobs linked to London's financial services sector than live
in the entire city of Frankfurt, its closest European rival.
- The City
of London has the greatest concentration of banks in the world,
and is responsible for about a fifth of total international bank
lending.
- The City
also accommodates the world's largest insurance and re-insurance
industry.
- The London
Stock Exchange is one of the world's largest, and trades more
foreign equities than any other.
- London is
the centre of Europe's largest venture capital industry.
- London has
been voted Europe's leading business location for the tenth year
in a row. The survey of 500 senior European executives was conducted
by European Cities Monitor. London's score was more than 47% higher
than Paris (in second place) and 106% higher than Frankfurt (in
third). London was rated first in six key criteria: ease of access
to markets, external transport links, quality of telecommunications,
internal transport, availability of office space, and languages
spoken.
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