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London comes out first in the latest Global Financial Centres Index, ahead of New York and Hong Kong. The GFCI is published by the initiative Long Finance and tracks competitiveness amongst 77 international financial hubs. Whilst Asian centres have declined, their overall trend is upward. The capital cities of the weaker Eurozone members like Dublin and Milan have suffered. The good news for Luxembourg is that it is moving up significantly in the ranks.
The Luxembourg financial centre is 23rd out of 77 contenders. It has climbed 6 ranks compared to the last GFCI study in September 2011. The index provides data for instrumental factors like business environment and infrastructure and responses to an online survey. Luxembourg is 6th of the ten centres most likely to...
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