Despite the political and economic headwinds of the past few years, London remains a world leading global financial centre. London and other international financial centres are experiencing major shifts.
The financial services sector in the city is having to adapt in order to address key challenges, especially around Brexit, tightening regulation, and competition from the fintech industry. Additionally, firms are adapting to employees’ changing work preferences and the emergence of artificial intelligence (AI) technology.
This report explores the current state of financial services in London and its global standing as well as the political, regulatory and economic challenges faced by the sector and the impact of the increasing influence of fintech firms, AI and agile working. We assess how these challenges will shape the sector’s future real estate needs.