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 29,000 financial centre assessments from an online questionnaire together with over 100 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 2015, the top centres worldwide are:[1]

  • Note: Buenos Aires (ARG), Guernsey (CD), and Wellington (NZL) were deleted for this March 2015 rankings list. Dalian (CHN) was added for the first time.


Financial centre profiles[edit]

Level Broad & deep
Global Leaders
Relatively broad
Global Diversified
Relatively deep
Global Specialists
Emerging
Global Contenders
Global Frankfurt
Hong Kong
London
New York City
Seoul
Tokyo
Toronto
Zürich
Amsterdam
Brussels
Dublin
Paris
Beijing
Dubai
Geneva
Luxembourg
Moscow
Level Broad & deep
Established Transnational
Relatively broad
Transnational Diversified
Relatively deep
Transnational Specialists
Emerging
Transnational Contenders
Transnational Boston
Busan
Chicago
Montreal
Shanghai
Sydney
Washington, D.C.
Copenhagen
Doha
Istanbul
Kuala Lumpur
Madrid
Milan
Prague
Abu Dhabi
British Virgin Islands
Casablanca
Shenzhen
Bahrain
Cayman Islands
Edinburgh
Gibraltar
Jakarta
Jersey
Level Broad & deep
Established Players
Relatively broad
Local Diversified
Relatively deep
Local Specialists
Emerging
Evolving Centres
Local Johannesburg
Melbourne
Munich
Osaka
San Francisco
Stockholm
Tel Aviv
Vancouver
Vienna
Athens
Bangkok
Budapest
Lisbon
Mexico City
Oslo
Rome
São Paulo
Warsaw
Calgary
Dalian
Riyadh
Taipei
Almaty
The Bahamas
Bermuda
Cyprus
Glasgow
Guernsey
Helsinki
Isle of Man
Malta
Manila
Mauritius
Monaco
Mumbai
Panama
Reykjavik
Rio de Janeiro
Saint Petersburg
Tallinn

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 17" (PDF). Long Finance. March 2015.