Latest revision as of 16:01, 16 July 2012

[edit] New York - Quick Summary

GFCI11 describes New York as a Global Leader, which is both broad and deep. It has been ranked as a Top 2 financial centre in all issues of the GFCI up to GFCI11. It has particular strength in the Banking sub-indices, where in GFCI11 it is the world leader, and it is ranked Top 2 in all others (Insurance, Asset Management, Government & Regulatory, Professional Services and Wealth Management/Private Banking). New York is number two in all the areas of competitiveness sub-indices. However, New York has been out performed by the index as a whole, with Hong Kong catching up significantly. New York remains the leading centre in North America by some distance followed by Chicago and Toronto. Along with Hong Kong, New York and London have a large proportion of financial transactions professionals, and although competition between them is strong, their relationship can be seen as mutually supportive.