Financial place
As a leading global financial centre the United Kingdom offers a strong regulatory environment, political stability and peace of mind when it comes to the safety of your investments. There are many benefits for selecting London as a location to bank in, including:
- Open minded and welcoming culture
- Excellent infrastructure
- Well placed geographically and between time zones
- Favourable naturalization programme for British citizenship
- Excellent customer protection through strong regulation
- The pre-eminence of the British court system in upholding the rule of law
The United Kingdom’s rich history dating back centuries has made it a leading global financial centre and banks here are a magnet for investments and savings from around the world. This has made it a thriving centre for investment and currency trading, along with personal and commercial banking. The UK is perfectly placed between time zones, with a robust legal system. The Bank of England is the UK's central bank. Established in 1694, this is the second oldest central bank in the world and the model on which many central banks in the world base themselves. London is home to over 500 banks, more than any other financial centre in the world and it is the largest banking centre in Europe by assets. A large part of Europe’s investment banking activity is conducted in London as well as the majority of the world’s foreign exchange.
Since the global financial crisis of 2007/08, a number of significant regulatory changes have been made to the UK’s financial sector to ensure that:
- The financial industry is run with integrity
- Firms provide clients with appropriate products and services
- Clients can trust that financial firms have their best interests at heart.
- Open minded and welcoming culture
- Excellent infrastructure
- Well placed geographically and between time zones
- Favourable naturalization programme for British citizenship
- Excellent client protection through strong regulation
- The pre-eminence of the British court system in upholding the rule of law
