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Global Financial Centres Index

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Global Financial Centres Index

The Global Financial Centres Index (GFCI) is a 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

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 September 2015, the top centres worldwide are:[5]

N.B. Los Angeles and Liechtenstein are new entries, having not been included in the GFCI 17 ranking.

Financial centre profiles

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

Key areas

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

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

References

  1. ^ See, for example,
  2. ^
  3. ^
  4. ^
  5. ^ a b
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