LONDON IS BEGINNING TO RESTORE ITS POSITION AS A GLOBAL FINANCIAL CENTRE

 

In the years following Brexit, London’s financial sector faced risks such as job losses, companies moving their listings to other European markets, and a decline in capital market activity.

However, in reality, London’s financial sector has not contracted as sharply as expected. According to The Economist magazine /2026.05.02/, financial sector employment in London has grown, while revenues from business, banking, and financial services have increased. This signals that the city is maintaining and beginning to restore its position as an international financial centre.

London’s key strength is not limited to its stock exchange. Rather, it lies in a comprehensive financial ecosystem where banking, insurance, securities, asset management, fintech, payments, legal services, consulting, and other professional services are concentrated in one place.

In other words, the competitiveness of a financial centre is no longer measured only by stock exchange trading, IPOs, or company listings. It is increasingly defined by investor confidence, the regulatory environment, professional human resources, market engagement capacity, and the comprehensiveness of financial services.

This is also an important area of focus for Ulaanbaatar. At a time when financing major urban projects and infrastructure development solely through public budget resources has become increasingly limited, the capital market, public private partnerships, and professional investment structures are becoming more important.

UBIM a company owned by the Capital City, is working to attract non budgetary funding sources for the city’s strategic projects, develop market based financing solutions, and increase investor participation.

Brexit refers to the United Kingdom’s decision to leave the European Union and the political, economic, and financial changes resulting from that decision.