The City of London has released two interesting documents:
- The Future of Asian Financial Centres: Challenges and Opportunities for the City of London
- The Global Financial Centres Index (GFCI), 4th edition, September 2008. For a comparison, you might like to also see the first edition, which is dated March 2007.
In terms of methodology, GFCI 4 uses 57 factors, including responses from 24,014 people drawn from 1,406 financial firms in a survey. To participate, go here and click on `Take the survey now'. And, see the wealth of information that's been harnessed on page 15 and page 16 of GFCI 4.
Here's a comparison of what the 1st and 4th editions are saying:
|City||Mar 2007||Sep 2008||Change|
To be the 10th ranked city, the score (4th edition) has to be 630. Bombay's rank stands at 49.
The world of finance is undergoing great turbulence. It'll be interesting to see how the cities stack up in GFCI 7. GFCI 5 will be published in March 2009.