Today the Z/Yen Group publishesdthe tenth Global Financial Centres Index (GFCI 10) covering 75 financial centres. The GFCI Top 10 were:
| Centre | GFCI 10 Rank | GFCI 10 Rating | GFCI 9 Rank | GFCI 9 Rating | Change in Rank | Change in Rating |
| London | 1 | 774 | 1 | 775 | 0 | -1 |
| New York | 2 | 773 | 2 | 769 | 0 | 4 |
| Hong Kong | 3 | 770 | 3 | 759 | 0 | 11 |
| Singapore | 4 | 735 | 4 | 722 | 0 | 13 |
| Shanghai | 5 | 724 | 5 | 694 | 0 | 30 |
| Tokyo | 6 | 695 | 5 | 694 | -1 | 1 |
| Chicago | 7 | 692 | 7 | 673 | 0 | 19 |
| Zurich | 8 | 686 | 8 | 665 | 0 | 21 |
| San Francisco | 9 | 681 | 13 | 655 | 4 | 26 |
| Toronto | 10 | 680 | 10 | 658 | 0 | 22 |
GFCI 10 uses 28,604 financial centre assessments completed by 1,887 financial services professionals.
Interesting stuff.
But next week the new Financial Secrecy Index from the Tax Justice Network is out and that will be much more telling.
Look for the overlaps I suggest!
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I think the bigger issue is how quickly places like Tallin, Istanbul and Moscow are rising up the table and that Hong Kong, Singapore and Shanghai are threatening to catch up and take over London and New York. What we are seeing, in other words, is a very strong move towards the East, to where the money is. Europe is in a process of decline and how we cope with our debt in an era when we are going to have less growth than anywhere else in the world is a mystery to me.