BusinessCompany NewsCity boss says London ‘must stay competitive’

City boss says London 'must stay competitive'

Chairman of the City of London's policy and resources committee, Michael Snyder, says London should not grow complacent after toppling New York as world's leading financial centre

Michael
Snyder
, the head of
Kingston
Smith
and chairman of the City of London’s policy and resources
committee, has warned that London can ill afford to grow complacent after
toppling New York as the world’s leading financial centre.

‘Complaceny creeps in when people start thinking we are doing well. Now is
the time to stay alert to changes in the global competitive landscape,’ Snyder
told The FT .

Snyder said London needed to to redouble its efforts to stay competitive on
taxation, regulation and skills. He also called for investment in improved
public transport, such as the Crossrail scheme that will link the east and west
of London.

Further reading:

Poor Sarbox guidance a threat to world’s financial
centre

SEC reviews expensive Sarbox accounting rule

US reins back Sarbox

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor