Mark Yeandle, Jeremy Horne and Nick Danev
City of London Corporation (September 2008), 16 pages.
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In GFCI 4 London remains in the lead in all five areas of competitiveness and also leads in four of the five industry sub-indices. It is striking that New York now leads London in the sub-index based on responses from people working in the Government & Regulatory sector. However, London and New York have both suffered declines in their ratings since GFCI 3 whilst other leading centres have experienced gains. In previous editions of the GFCI the gap between London and New York, and the third place centre was approximately 90 points. In GFCI 4 this gap has decreased to 73.
The Global Financial Centres Index (GFCI) was first produced by the Z/Yen Group in March 2007 following another research project into city competitiveness undertook in 2005. The aim of the GFCI is to examine the major financial centres globally in terms of competitiveness. The GFCI has been published every six months (although the index is actually produced every three months). Find out more about previous editions of the GFCI in the Financial Centre Futures Publications section.
The GFCI is regularly mentioned in the media globally. For more information, see our media coverage section.