Running head: FINANCIAL CENTER
When choosing a nation to invest as a bank manager, it is important to undertake an
analysis of the foreign country in details. This is imperative because it helps one to understand
such factors as cultural, political, economic and social factors which may affect the investment.
This paper, therefore, seeks to explore the UK (London) as the most suitable financial center to
open a bank.
A financial center according to International Monetary Fund (IMF) is a large full-service
center which has an advanced settlement and payment systems, able to support both international
and local economies. Further, a financial center is expected to have legal and regulated
frameworks to protect those undertaking transaction as well as regulate trade. In this case,
London is one of the best financial centers in the world and fits well when it comes to opening a
bank because of many reasons which will be discussed in the paper.
My presence in this country will help a lot in my endeavor to invest in some of the
developing nations. This is because London is a country that is peaceful. There are no many
cases of insecurity in this country, and that is of utmost importance when it comes to business.
Investors and customers want to undertake trading activities in countries which guarantee them
and their services or products safety. This is exactly what London city in UK offers. Apparently,
it will be easy to invest in other developing countries because many of the developing nations
have a good relationship with England (Ang, Benischke & Doh, 2015). One reason for this good
relationship is because of the employment opportunities the UK offers to individuals from these
developing nations. For instance, there are many football star...
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