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UK Regulatory Environment

Tracy Gordon a specialist in governance and regulation with Deloitte's National Accounting and Audit team London looks at the reasons behind the attractiveness of the UK regulatory environment
A recent study by the City of London Corporation rated London first ahead of New York and Hong Kong as a global financial centre. The Corporation's Global Financial Centres Index evaluates the competitiveness of 46 financial centres worldwide. The results of the study show that London outperformed New York in all five areas of competitiveness: people business environment market access infrastructure and general competitiveness. The biggest contributors to overall competitiveness were judged to be regulatory and tax issues. The attraction of the UK market has been reinforced further by the increasing numbers of foreign IPOs in London compared to markets...

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