The Global financial centres index 27 (GFCI 27)
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<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">We researched 120 centres for this edition of the Global Financial Centres Index (GFCI 27). The number of financial centres in the main index has increased from 104 to 108 with the addition of Barbados, San Diego, Tehran, and Vilnius. There are 12 associate centres awaiting potential inclusion in the main index. GFCI 27 showed a high level of volatility, with 26 centres rising ten or more places in the rankings and 23 falling ten or more places. This may reflect the uncertainty around international trade and the impact of geopolitical and local unrest with a flight to stability; and also reflects the importance of sustainable finance, with Western European centres benefitting, and centres with a legacy of brown finance losing ground. Nine of the top ten centres in the index had lower ratings (eight of these centres fell by 12 points or more). Of the next 40 centres, 24 improved their rating while 16 fell. Eastern Europe & Central Asia showed the strongest regional improvement with twelve centres increasing their rating, while only two centres received lower ratings.</abstract>
<note type="statement of responsibility">Hugh Morris, Michael Mainelli and Mike Wardle</note>
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