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The Global Financial Centres Index is a ranking of the competitiveness of financial centres based on 11,685 financial centre assessments from an online questionnaire together with over 60 indices. It is published twice a year by the City of London Corporation.
The ranking is an aggregate of indices from five key areas: People, business environment, market access, infrastructure and general competitiveness. The current top ten places are:[1]
Chicago, United States
Frankfurt, Germany
Geneva, Switzerland
London, United Kingdom
Hong Kong, Hong Kong- New York City, United States
Singapore, Singapore
Sydney, Australia
Tokyo, Japan- Zurich, Switzerland
[edit] Key Areas
The people index summarizes 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 as public transport have a minor impact. General competitiveness relies on more traditional economic factors as price level, quality of life and economic sentiment.[1]
[edit] Industry Sectors
The ranking does sub rankings in the main area of financial services as banking, asset management, insurance, professional service, government and regulation.[1]
[edit] References
[edit] External links
