The Z/Yen Group has published the seventeenth edition of the Global Financial Centres Index (GFCI 17), which is an index that rates 82 financial centres across the world and works as a guide tracking the shifts of competitiveness in global financial centres worldwide. New York remains the top centre, though London is just one point behind on the 1,000 point scale.
The top five European centres are in the same rank order as in GFCI 16 – London, Zurich, Geneva, Luxembourg, and Frankfurt. London and Zurich is the only two European centres in the top ten. Copenhagen has to settle for a ranking as number 61, one lower than last year’s rank as number 60. Copenhagen has a rating of 612.
Four of the top five North American Centres were up in the ratings. San Fransisco is slightly down, losing some of the Fintech gains made in GFCI 16. Chicago, Boston, and Toronto all showed small improvements in the ratings.
Mark Yeandle, Associate Director at the Z/Yen Group and the author of the GFCI said “The average rating of the top five Asian centres is now higher than the average rating of the top five Western centres. The variance of the ratings is also shrinking rapidly – things are certainly getting more competitive.”
Overall GFCI ratings are slightly up and volatility in ratings remain low. The top financial centres have performed well in GFCI 17. Nine of the top ten centres increased their ratings – San Fransisco being the exception.
GFCI 17 uses 28,494 financial centre assessments completed by 3,527 financial services professionals. Since 2007 over 120,000 assessments from over 9,500 respondents have built the index.Download the publication