BoE's Gieve on the City's growth

In the speech 'The City's growth: The crest of a wave or swimming with the stream' given on 26 March John Gieve of the Bank of England said the City of London looks set to consolidate its position as a top financial centre as the gap between the US and the eurozone narrows.

"With around some 30 trillion usd in assets, euro-zone financial markets are still significantly smaller than the 50 trillion usd in the US. But Europe is closing the gap," he told an audience of accountants.

Gieve said that in

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