Although Paris’s capitalisation overtook London’s in late 2022, the City of London is still Europe’s leading financial centre. Understanding why will require that we look beyond stock indices.
To overcome the European Commission’s antitrust concerns about a dominant player in European bonds outside the EU, LSE is selling parts of the Italian Stock Exchange.
John Colley, Warwick Business School, University of Warwick
If the merger goes ahead, the new index would be Europe’s largest, giving it dominance within the EU and a strong position in international trading too.