GFCI currently describes Geneva as a Established Transnational which is both broad and deep. It has a particular strength in wealth management/private banking and is strong in professional services. Since GFCI1 Geneva has closed the gap slightly to leaders [[FinancialCentreFutures:London|London]] and [[FinancialCentreFutures:New York|New York]], but has not shown the same level of improvement as some Asian centres (such as [[FinancialCentreFutures:Shanghai|Shanghai]]), which have shown strong gains. In addition, other North American Centres - such as [[FinancialCentreFutures:Toronto|Toronto]] and [[FinancialCentreFutures:San Fransisco|San Fransisco]] - have shown slightly stronger improvements in competitiveness, and have now overtaken Geneva in the ratings. Despite this, Geneva has closed up to fellow European centres such as [[FinancialCentreFutures:Zurich|Zurich]] and [[FinancialCentreFutures:Frankfurt|Frankfurt]]. An increasing number of respondents are suggesting that they believe Geneva (as well as Zurich and [[FinancialCentreFutures:Luxembourg|Luxembourg]]) competes in a similar way to offshore centres such as [[FinancialCentreFutures:Jersey|Jersey]], [[FinancialCentreFutures:Isle of Man|Isle of Man]] and the [[FinancialCentreFutures:Cayman Islands|Cayman Islands]].