Reuters- The position as a leading global city and finance hub is London’s to lose despite private equity business increasingly moving to Asia from Europe, speakers said at the Reuters Hedge Funds and Private Equity Summit in London.
They added, however, that politicians should refrain from tinkering with London’s regulatory and fiscal regime.
As the credit crunch takes its toll on the financial sector — London’s biggest generator of wealth — and the government imposes new taxes, some say London risks losing its status as a leading world-class city and a magnet for foreign investment.
