Number of respondents in the survey indicated that fear surrounding Brexit is hurting London’s competitiveness, however that couldn’t prevent London from topping the list of global financial centers.

• London once again secured first place, with 800 points, despite Brexit concern and once again proved why the city needs protection from unnecessary regulations from European Union. In fact two cities ranked top in Western Europe are outside Euro Zone. Only Euro Zone city that is closer to London is Luxembourg, but is ranked 14th globally and 102 points behind London.

So, while Brexit may hurt London a lot, it may not be demise of the city and it is likely to keep serving as top financial center, even if not the first.

Paris, which is planning to bestow the red carpet for London bankers in the event of Brexit, is ranked 32nd globally and 133 points behind London. And it is important to note that these rankings are based on business environment, financial sector development, infrastructure, human capital, reputational and general factors.

Even German financial center Frankfurt, where European Central Bank (ECB) is headquartered is distant 18th, 111 points behind London.

It looks like while everyone is talking about loss to Britain, European Union about to lose its prized financial center.