Offshore Financial Centers Rally In Latest Global Rankings

Offshore financial centers have recovered lost ground in the recently published twentieth edition of the Global Financial Centres Index.

The Global Financial Centres Index, published twice a year, ranks financial centers according to opinions and data.

The ratings for offshore financial centers increased, including for the Cayman Islands (41 to 28), Bermuda (50 to 35), the British Virgin Islands (46 to 36), Jersey (62 to 42), Guernsey (66 to 47), and the Isle of Man (68 to 65).

London, New York, Singapore, and Hong Kong remained the four leading global financial centers. Financial centers on the Chinese mainland are rapidly rising in importance with five cities included in the top fifty.