As the world reels from another $2bn trading loss, Metal Bulletin asks whether London’s position as a global banking centre is at risk.
Poll: To what extent has the handling of the MF Global bankruptcy, UBS’ rogue trading scandal and now JP Morgan’s harpooning of the London Whale damaged your confidence in the City as a global financial hub?
Not at all – these events could have happened anywhere
Slightly – large losses and the slow recovery of client cash suggest the regulatory framework could be stronger
Moderately – These events show global banks are using London to take risks they couldn’t take anywhere else
Drastically – I’ll be in Singapore by the end of the week
Vote now and view the results on the Metal Bulletin homepage and LinkedIn.
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