Why is this happening? Not because London is more innovativeNew York City is and 49 percent of the top CEOs say so. But. what they also say isgiven the risks associated with developing innovative financial instruments and the importance of attracting talent in financethe U.S.s legal. regulatory and immigration policies are not attractive and it only makes sense to pursue cutting edge activity overseas. To make matters even worse. it is not only London. As technology has virtually eliminated barriers to the flow of capital. it now freely flows to the most efficient markets. in all corners of the globe.
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immigration