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Global Financial Centres Index 27 Launch

Financial Centre Futures

London 27 March 2020 Seoul

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Programme

London GFCI 27 Launch Webinar Programme Seoul

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

17:00

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

17:05

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

17:15

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

17:55

09:00 Questions 18:00

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

18:10

09:15 Close 18:15

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Welcome

Simon CulhaneChief Executive

Chartered Institute For Securities & Investment

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Opening Remarks

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

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Mike Wardle

Head Of Indices

Z/Yen Group

Global Financial Centres Index 27

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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.

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♦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

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The GFCI World108 Centres In GFCI 27 Plus Twelve Associate Centres

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Top 25 CentresCentre

GFCI 27 GFCI 26Change

in

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

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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

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Top Five Centres - Ratings

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

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Top Five Centres - Ranks

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

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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

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Western Europe - Trend

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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

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A Recognised Taxonomy

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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

Tokyo

Singapore

Chicago*

Washington DC

Los Angeles*

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Areas Of Competitiveness

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Industry Sectors

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FinTech Index

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Reputational ‘Advantage’

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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

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Observations

Professor Michael Mainelli

Executive Chairman

Z/Yen Group

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Seoul Summary

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FinTech Features

Areas Of Fintech Activity Important Elements Of Fintech

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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.

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➢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

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Strategy For Success

“Treat All Comers Fairly”

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Questions

Global Financial Centres Index 27

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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/

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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

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Global Financial Centres Index 28 – September 2020

Take the GFCI survey at:

www.globalfinancialcentres.net/survey/

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