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 March 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
Dublin
Frankfurt
Hong Kong
London
New York City
Paris
Singapore
Toronto
Zurich
Madrid
Seoul
Dubai
Geneva
Beijing
Luxembourg
Milan
Moscow
Level Broad & deep
Established Transnational
Relatively broad
Transnational Diversified
Relatively deep
Transnational Specialists
Emerging
Transnational Contenders
Transnational Brussels
Chicago
Montreal
Munich
Prague
San Francisco
Sydney
Tokyo
Vancouver
Washington DC
Istanbul
Rome
Shanghai
Vienna
Almaty
Casablanca
Bahrain
Copenhagen
Edinburgh
Bahrain
British Virgin Islands
Cayman Islands
Gibraltar
Guernsey
Isle of Man
Jakarta
Jersey
Monaco
Qatar
Riyadh
Level Broad & deep
Established Players
Relatively broad
Local Diversified
Relatively deep
Local Specialists
Emerging
Evolving Centres
Local Budapest
Busan
Lisbon
Melbourne
Mexico City
Stockholm
Johannesburg
Kuala Lumpur
Osaka
São Paulo
Warsaw
Abu Dhabi
Athens
Bahamas
Bangkok
Cyprus
Glasgow
Helsinki
Malta
Manila
Oslo
Panama
Reykjavík
St Petersburg
Taipei
Tallinn
Buenos Aires
Calgary
Hamilton
Mauritius
Mumbai
Rio de Janeiro
Shenzhen
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 15". Long Finance. March 2014.