Guernsey has been ranked 15th in the latest Global
Financial Centres Index (GFCI) published this week by the City of
London.
It places the Island in the top bracket of 'offshore'
finance centres and ahead of 'onshore' competitors such as
Luxembourg (16th) and Dublin (23rd).
The report also indicates that there is now a strong correlation
between GFCI rankings and OECD status. Centres not on the
'white list' placed much lower in the rankings, for example
Bahamas (48th) and Gibraltar (51st).
"This latest report shows that Guernsey remains in the very
top bracket of 'offshore' finance centres," said Peter
Niven, Chief Executive of Guernsey Finance.
"What we have seen over the past year is that the financial
crisis has resulted in greater scrutiny of such centres and
subsequently a growing gap between those at the top end and the
rest of the pack.
