Guernsey Up Three Places In Ranking Of Global Financial Centres.Guernsey has been ranked 16th in the latest Global Financial Centres Index (GFCI See residual current device. ). The Island has moved up three places from the last report which was published in March. Jersey has risen by two places to reach 14th position. Dublin (13th), Jersey (14th), Luxembourg (15th) and Guernsey (16th) have all been given a rating of 622 and are only split by the decimal places decimal place n. The position of a digit to the right of a decimal point, usually identified by successive ascending ordinal numbers with the digit immediately to the right of the decimal point being first: . Guernsey's rating is up 19 points while Jersey is up 15 from the March report. "Our significantly improved ranking from this respected authority is a major endorsement of Guernsey as a leading international finance centre during these difficult economic times," said Peter Niven, Chief Executive of Guernsey Finance. "It lends further weight to our belief that the Island is better placed than others to weather the current economic storm. In particular, it reinforces the evidence from the banking and funds statistics that Guernsey is closing the gap on our competitors such as Jersey." The new ranking follows hot on the heels of Guernsey being named 'International Finance Centre of the Year' at last week's STEP Private Client Awards 2008/9 and the publication of the FT's 'Doing Business in Guernsey' special report where headlines included 'Holding its own against bigger rivals' and 'Sector stays on course in global crisis.' Mr Niven added: "Our improved ranking also reflects the fact that since the last report we have enhanced our offering to clients through the introduction of a new Trust Law, new Company Law and new Company Registry The configuration database in all 32-bit versions of Windows that contains settings for the hardware and software in the PC it is installed in. The Registry is made up of the SYSTEM.DAT and USER.DAT files. Many settings previously stored in the WIN.INI and SYSTEM. , while also stepping up our promotional and marketing activity both in existing markets like London as well as new jurisdictions such as China." The report is produced by the Z/Yen Group for the City of London and ranks financial centres based on external benchmarking data and current perceptions of competitiveness. The latest version comments on how small financial centres such as Guernsey are proving so competitive against bigger rivals: "It is notable that the tax environment is now being mentioned as a crucial area of competitiveness...There are other reasons why relatively small financial centres are very competitive. Speed of decision making and a coherent regulatory regime are increasingly seen as important." The Isle of Man Noun 1. Isle of Man - one of the British Isles in the Irish Sea Man British Isles - Great Britain and Ireland and adjacent islands in the north Atlantic has also risen by two places to reach 19th position with a rating of 611. The Cayman Islands Cayman Islands (kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three islands in the West Indies. is now 21st, Dubai 23rd, Gibraltar 25th and British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. 29th. London remains first but has had its lead cut by second-placed New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information about Guernsey's finance industry please visit www.guernseyfinance.com. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . GuernseyFinance PO Box 655 St Peter Port GY1 3PN GUERNSEY Tel: (0)1481720071 Fax: (0)1481720091 E-mail: info@guernseyfinance.com URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.guernseyfinance.com Click Here for related articles (c) Mondaq Ltd, 2008 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com |
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