London, New York, Hong Kong, Singapore and Tokyo remain the five leading global financial centres

London, New York, Hong Kong, Singapore and Tokyo remain the five leading global financial centres. London is one point ahead of New York (on a scale of 1,000 points this is insignificant). Singapore is 42 points behind New York in third place. Tokyo, in fifth place, is 60 points behind New York. The UK ‘Brexit’ referendum result is not reflected in the GFCI 20 results so far.  

GFCI 20 was calculated based on data collected up to the end of June 2016 – a few days after the referendum result on 24 June. Looking ahead to GFCI 21, assessments given to London in July and August are significantly down from previous levels. GFCI 21 may show some significant changes...

Western Europe remains a region in flux. Luxembourg and Dublin show strong rises in the ratings whilst Geneva and Amsterdam fall. Early indications following the Brexit referendum result are that decision-makers are looking around and considering Luxembourg and Dublin as potential locations if they need to leave the UK.

Wealth management in Geneva may be suffering from increased transparency requirements of international regulators.  

The Global Financial Centres Index (GFCI) provides ratings, rankings and profiles for financial centres.