London remains dominant financial centre - Report

LONDON - London has retained its dominance as a global financial centre despite the introduction of the euro, according to figures published yesterday by the Bank for International Settlements.

The data, drawing on research by 48 central banks, showed that more than 30 per cent of spot foreign exchange turnover is dealt in London.

This level was virtually unchanged since 1998 when the figures were last collected and still the largest share of any centre in the world by far.

Since the advent of t