Global Financial Centres · © Z/Yen Group 2020 Global Financial Centres Index 27 Launch Financial...

Global Financial Centres Index 27 Launch

Financial Centre Futures

London 27 March 2020 Seoul

@ZyenLF

Programme

London GFCI 27 Launch Webinar Programme Seoul

08:00 Welcome And IntroductionSimon Culhane, Chief Executive, The Chartered Institute For Securities & Investment

08:05 Opening RemarksJang Beom Sik, Professor Of Finance, Soongsil university

08:15 GFCI 27 ResultsMike Wardle, Head Of Indices, Z/Yen Group

08:55 ObservationsProfessor Michael Mainelli, Executive Chairman, Z/Yen Group

09:00 Questions 18:00

09:10 Concluding RemarksProfessor Michael Mainelli, Executive Chairman, Z/Yen Group

09:15 Close 18:15

Welcome

Simon CulhaneChief Executive

Chartered Institute For Securities & Investment

Opening Remarks

Beom Sik JANG, Ph.D.Professor of FinanceSoongsil University

Mike Wardle

Head Of Indices

Z/Yen Group

Global Financial Centres Index 27

Long Finance

“When Would We Know Our Financial System Is Working?”

This is the question underlying Long Finance’s goal to improve society’s understanding and use of finance over the long-term. In contrast to the short-termism that defines today’s economic view, the Long Finance time-frame is roughly 100 years.

♦Combine perception data with hard data using advanced statistical modelling

♦Individual assessments of financial centres are associated with the hard data for that centre

♦We can then predict how the individual would rate other financial centres based on their profile

Factor Assessment Indices

The GFCI World108 Centres In GFCI 27 Plus Twelve Associate Centres

Top 25 CentresCentre

GFCI 27 GFCI 26Change

Change

in Rank Rating Rank Rating Rank Rating

New York 1 769 1 790 0 ▼21London 2 742 2 773 0 ▼31Tokyo 3 741 6 757 ▲3 ▼16Shanghai 4 740 5 761 ▲1 ▼21Singapore 5 738 4 762 ▼1 ▼24Hong Kong 6 737 3 771 ▼3 ▼34Beijing 7 734 7 748 0 ▼14San Francisco 8 732 12 736 ▲4 ▼4Geneva 9 729 26 706 ▲17 ▲23Los Angeles 10 723 13 735 ▲3 ▼12Shenzhen 11 722 9 739 ▼2 ▼17Dubai 12 721 8 740 ▼4 ▼19Frankfurt 13 720 15 733 ▲2 ▼13Zurich 14 719 14 734 0 ▼15Paris 15 718 17 728 ▲2 ▼10Chicago 16 717 16 732 0 ▼15Edinburgh 17 716 29 701 ▲12 ▲15Luxembourg 18 715 25 708 ▲7 ▲7

Guangzhou 19 714 23 711 ▲4 ▲3Sydney 20 713 10 738 ▼10 ▼25Melbourne 21 712 19 720 ▼2 ▼8Vancouver 22 711 24 710 ▲2 ▲1Toronto 23 710 11 737 ▼12 ▼27Washington DC 24 709 28 702 ▲4 ▲7Boston 25 708 18 727 ▼7 ▼19

The leading centres in North America, Western Europe, and Asia/Pacific continue to decline while Eastern Europe & Central Asia, together with Latin America & The Caribbean, have made up ground.

Regional Comparison

Top Five Centres - Ratings

The ratings of the top 5 centres overall is plotted below. Sharp downturn for all leading centres in the ratings.

Top Five Centres - Ranks

New York and London still lead the table although London challenged strongly. Shanghai’s development clearly shown.

Western EuropeChange in Change in

Rank Rating Rank Rating Rank Rating

London 2 742 2 773 0 ▼31Geneva 9 729 26 706 ▲17 ▲23Frankfurt 13 720 15 733 ▲2 ▼13Zurich 14 719 14 734 0 ▼15Paris 15 718 17 728 ▲2 ▼10Edinburgh 17 716 29 701 ▲12 ▲15Luxembourg 18 715 25 708 ▲7 ▲7Amsterdam 27 703 37 675 ▲10 ▲28Stockholm 28 702 46 659 ▲18 ▲43Hamburg 29 699 49 650 ▲20 ▲49

GFCI 26GFCI 27Centre

Western Europe - Trend

Asia/PacificChange in Change in

Rank Rating Rank Rating Rank Rating

Tokyo 3 741 6 757 ▲3 ▼16Shanghai 4 740 5 761 ▲1 ▼21Singapore 5 738 4 762 ▼1 ▼24Hong Kong 6 737 3 771 ▼3 ▼34Beijing 7 734 7 748 0 ▼14Shenzhen 11 722 9 739 ▼2 ▼17Guangzhou 19 714 23 711 ▲4 ▲3Sydney 20 713 10 738 ▼10 ▼25Melbourne 21 712 19 720 ▼2 ▼8Wellington 31 697 31 693 0 ▲4Seoul 33 694 36 677 ▲3 ▲17

GFCI 26Centre

GFCI 27

A Recognised Taxonomy

Profiles - Global Centres

Global Leaders Global Diversified Global Specialists Global Contenders

London Amsterdam Guangzhou Dal ian*

New York Moscow* Chengdu* Shenzhen*

Shanghai Frankfurt Qingdao Abu Dhabi*

Hong Kong Seoul

Dubai Paris

Bei jing Dubl in

Zurich Boston

Singapore

Chicago*

Washington DC

Los Angeles*

Areas Of Competitiveness

Industry Sectors

FinTech Index

Reputational ‘Advantage’

Reputational ‘Dis-Advantage’

Centre - Bottom 15Weighted Average

Assessment

GFCI 27

Rating

GFCI 27

Reputational

Advantage

Almaty 599 660 -61

Kuala Lumpur 614 677 -63

Tehran 550 615 -65

Istanbul 570 636 -66

Riga 577 645 -68

Baku 583 658 -75

Hamburg 620 699 -79

Casablanca 598 680 -82

Hangzhou 520 612 -92

Nairobi 532 625 -93

Sofia 556 653 -97

Cyprus 550 648 -98

Nanjing 430 608 -178

Tianjin 399 609 -210

Dalian 373 607 -234

Observations

Professor Michael Mainelli

Executive Chairman

Z/Yen Group

Seoul Summary

FinTech Features

Areas Of Fintech Activity Important Elements Of Fintech

Anti-Money Laundering

➢ Increased co-operation and information systems connectivity between international agencies.

➢ Regulatory approaches need to keep up with technology and developments.➢ The need for better staff training and achieving the right balance between

automated systems for identifying suspect transactions and human analysis.➢ There is a role for technology solutions and big data in AML approaches. ➢ A call for more proactive work in AML rather than simply reacting to suspect

transaction reports.

➢You can’t be an international centre without international people

➢Successful people want to live in successful places

➢People want to live in cosmopolitan places and gravitate to clusters

➢Reputation is vital:

“It takes 20 years to build a reputation and five minutes to ruin it.”

➢Trust is “the glue that holds all relationships together”

Financial Centre Strength

Strategy For Success

“Treat All Comers Fairly”

Questions

Global Financial Centres Index 27

Resources - Recent Webinars

https://fsclub.zyen.com/events/webinars/anti-money-laundering-task-force-launch/

https://fsclub.zyen.com/events/webinars/launch-global-green-finance-index-5-london/

Bulletins

To subscribe: https://fsclub.zyen.com/#SubscribeNaturally, we have a: • corona virus financial services bulletin -https://zyen.shapingtomorrow.com/challenges/list/17?challenge=2010• corona virus technology bulletin -https://zyen.shapingtomorrow.com/challenges/list/20?challenge=2011

From 43,000 curated sources,you get a machine summary of the key point(s) from forward-looking articles, not just article titles:

Financial Service Club’s Bulletin system, with 200 bulletins, e.g. AML, https://zyen.shapingtomorrow.com/challenges/list/17?challenge=1908

Global Financial Centres Index 28 – September 2020

Take the GFCI survey at:

www.globalfinancialcentres.net/survey/

@ZyenLF

Global Financial Centres · © Z/Yen Group 2020 Global Financial Centres Index 27 Launch Financial...

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