Global Financial Centres Index

From Wikipedia, the free encyclopedia
Jump to: navigation, search

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. It is widely quoted as a source for ranking financial centres.[1][2][3][4]

Ranking[edit]

The ranking is an aggregate of indices from five key areas: "business environment", "financial sector development", "infrastructure factors", "human capital", "reputation and general factors". As of March 2015, the top centres worldwide are:[5]

  • 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]

The report groups 82 of the financial centres into the following matrix:[5]

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
Singapore
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 human capital factors summarise the availability of a skilled workforce, the flexibility of the labour market, the quality of the business education and the skill-set of the workforce, and quality of life. The business environment factors aggregate and value 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 financial sector development factors assess the volume and value of trading in capital markets and other financial markets, the cluster effect of the number of different financial service companies at the location, and employment and economic output indicators. The infrastructure factors account for the price and availability of office space at the location, as well as public transport. Reputation and General considers more subjective aspects such as innovation, brand appeal, cultural diversity and competitive positioning.

Industry sectors[edit]

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

References[edit]

  1. ^ See, for example, Yoshio Okubo, Vice Chairman, Japan Securities Dealers Association (October 2014). "Comparison of Global Financial Center". Harvard Law School, Program on International Financial Systems, Japan-U.S. Symposium. Retrieved 30 May 2015. 
  2. ^ "New York Strips London of Mantle as World’s Top Financial Center". Bloomberg. 17 March 2014. Retrieved 30 May 2015. 
  3. ^ "New York and London vie for crown of world’s top financial centre". The Financial Times. 1 October 2014. Retrieved 24 May 2015. 
  4. ^ "Seoul’s Rise as a Global Financial Center". The Korea Society. 21 September 2012. Retrieved 25 May 2015. 
  5. ^ a b "The Global Financial Centres Index 17" (PDF). Long Finance. March 2015.