Global Financial Centres Index

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The Global Financial Centres Index is a ranking of the competitiveness of financial centres based on over 26,000 financial centre assessments from an online questionnaire together with over 80 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD) and the Economist Intelligence Unit. It is compiled and published twice a year by Z/Yen Group and sponsored by the Qatar Financial Centre Authority.

Ranking[edit]

The ranking is an aggregate of indices from five key areas: people, business environment, market access, infrastructure and general competitiveness. As of October 2014, the top centres worldwide are:[1]


Financial centre profiles[edit]

Level Broad & deep
Global Leaders
Relatively broad
Global Diversified
Relatively deep
Global Specialists
Emerging
Global Contenders
Global Amsterdam
Boston
Frankfurt
Hong Kong
London
New York City
Paris
Seoul
Singapore
Tokyo
Toronto
Zürich
Brussels
Dublin
Milan
Moscow
Beijing
Dubai
Geneva
Luxembourg
None
Level Broad & deep
Established Transnational
Relatively broad
Transnational Diversified
Relatively deep
Transnational Specialists
Emerging
Transnational Contenders
Transnational Chicago
Madrid
Montreal
Munich
San Francisco
Shanghai
Sydney
Vancouver
Vienna
Washington, D.C.
Istanbul
Kuala Lumpur
Prague
Rome
Abu Dhabi
Almaty
Casablanca
Cayman Islands
Gibraltar
Isle of Man
Jersey
Monaco
Qatar
Shenzhen
Copenhagen
Edinburgh
Jakarta
Level Broad & deep
Established Players
Relatively broad
Local Diversified
Relatively deep
Local Specialists
Emerging
Evolving Centres
Local Busan
Johannesburg
Melbourne
São Paulo
Stockholm
Budapest
Lisbon
Mexico City
Osaka
Warsaw
Bahamas
Bahrain
British Virgin Islands
Buenos Aires
Calgary
Guernsey
Mauritius
Panama
Riyadh
Taipei
Athens
Bangkok
Buenos Aires
Cyprus
Glasgow
Hamilton
Helsinki
Malta
Manila
Mumbai
Oslo
Reykjavik
Rio de Janeiro
Saint Petersburg
Tallinn
Tel Aviv
Wellington

Key areas[edit]

The people index summarises the availability of a skilled workforce, the flexibility of the labour market, the quality of the business education and the skillset of the workforce. The business environment aggregates and values the regulation, tax rates, levels of corruption, economic freedom and how difficult in general it is to do business. To measure regulation an online questionnaire has been used. The market access index looks at the various equities and bonds available. The volume and value of trading but also the cluster effect of the number of different financial service companies at the location influence the index. The infrastructure index furthermost accounts to the price of real estate at the location. Other factors such as public transport have a minor impact. General competitiveness relies on more traditional economic factors as price level, quality of life and economic sentiment.

Industry sectors[edit]

The index provides sub-rankings in the main areas of financial services - banking, asset management, insurance, professional services, government and regulation and wealth management.

References[edit]

  1. ^ "The Global Financial Centres Index 16". Long Finance. September 2014.