Even with the significant dislocation of financial markets following the crises between 2007 and 2010, London remains a powerful international financial centre. International markets had been dominated by a series of significant continuing trends including globalisation, liberalisation, dis-intermediation, resurgent financial innovation and technological advance resulting in massive growth and expansion.

The new post-crisis era will now be characterised by an extended period of balance sheet restructuring and consolidation with higher levels of concentration and significant new levels of re-regulation in all market areas. These changes will nevertheless have an impact on all major financial centres as politicians and regulatory authorities across the world attempt to find a new market balance and regulatory relationship that allows the full benefits of the market system to be realised at the same time as public costs and damage are minimised.

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