The Financial Times has reported the results of a poll which indicate that London and New York City are losing ground to up and coming financial centers, particularly in Asia. The results of the study highlight the risks that are run when markets face enhanced scrutiny and regulation. At the same time, it is likely that politicians in both London and Washington are currently more concerned with righting faltering financial systems than in poll results.
In reality, it will likely be a long time before any second-tier financial hub overtakes either city. However the poll does emphasize the growth of cities such as Hong Kong. This is particularly apparent when it comes to specific segments of the financial industry, such as insurance.