The twenty-third edition of the Global Financial Centres Index (GFCI 23) has ranked the Cayman Islands among top 25 best financial centres in the world, one of only four such jurisdictions from outside the G20.
The ranking is out of 110 total jurisdictions globally. Cayman’s ranking was an improvement of nine places over the last year and was the highest among all UK Overseas Territories and Crown Dependencies. Cayman is one of only four centres from outside the G20 to be included in the top 25 rankings.
Jude Scott, CEO of Cayman Finance, said: “The GFCI 23 ranking shows that the more financial services industry and government leaders learn about the Cayman Islands, the higher they rate our jurisdiction among the world’s financial centres. We have spent the last year engaged in an unprecedented effort to define our long-standing commitment to serve as a premier global financial hub that meets or exceeds the highest global standards for transparency and cross-border information sharing and our improvement in the GFCI ranking is a reflection of the success of that effort.
“Once again, a comprehensive assessment of more than a hundred factors — many compiled independently by organizations like the World Bank, OECD and United Nations – and the input of thousands of professionals rates the Cayman Islands a top international financial centre on par with those in G20 countries. The Cayman Islands financial services industry remains focused on the kind of innovation and commitment to global standards that has helped us achieve this kind of success.”
Cayman Islands, Global Financial Centres Index, Cayman Finance, Jude Scott