Jersey has maintained its top ranking amongst offshore
jurisdictions in the latest Global Financial Centres Index (GFCI)
and is again the only offshore location to feature in the top 30
International Finance Centres (IFCs) around the word.
Jersey continues to be ranked at 28 in the Index which is led by
London and New York, retaining the same ranking it had in the
previous edition of the Index, ahead of close competitors Guernsey
(ranked 36), Cayman Islands (39) and the Isle of Man (41).
The Index, published every six months and launched in 2007, was
designed as a barometer to track movements in the competitiveness
of financial centres around the world.
It reported that overall the offshore sector had performed
better in the Index than it did in the previous edition published
in March and in respect of Jersey, it stated that other offshore
centres along with North America and the Middle East/Africa region
rated Jersey more favourably than they had in the previous
Geoff Cook, CEO of Jersey Finance, commented:
"It is encouraging that Jersey continues to be ranked in
the top 30 staying ahead of its competitors. A graph published in
the Index, illustrating the performance of the offshore
jurisdictions, shows clearly how Jersey has consistently maintained
its leading position during the six years since the Index was
launched. While there have undoubtedly been challenges for many of
the niche IFCs including the offshore jurisdictions since the
financial crisis of 2007, Jersey's consistency continues to be
evident, while there is also a welcome improvement in our rating
from some of the key locations where we are seeking to secure new
Geoff Cook was invited by the GFCI publishers to contribute a
Foreword to the report, the first time an offshore jurisdiction
representative has been asked to do so. In his Foreword, he wrote
that 'looking to the future, and in common with other leading
jurisdictions, Jersey is now fully engaged in enhancing its
presence and developing business in key international markets
including China, India, the Gulf, Russia and the African Continent.
To succeed in these growth activities, we understand that
reputation is a key ingredient in attracting new business and
believe that the best reputation will stem from stability,
experience, quality, innovation, an adherence to global standards
and respect for client privacy, all features that Jersey is proud
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