The financial roller coaster of recent months has allowed many to lose perspective and forget that, while times are undoubtedly tough – and may for some get tougher, the medium and long-term prospects for the UK-based financial services industry are still good.

Bank and other shares have been bouncing around like escaped Easter rabbits so it is worth reminding ourselves that the health of a financial centre depends on underlying factors rather than short-term market events, however adrenalin-inducing.