Financial intermediation through international financial centres has made a significant contribution to the substantial increase in world prosperity over the last 30 years. IFCs are essential lubricants in global investment, making them important drivers of growth in both developed and developing countries.Read more
Although IFCs are heavily oriented towards financial services, the world’s largest financial centres are onshore: London, New York, Singapore, Tokyo, and Frankfurt. Financial services are a massive industry for even major economies. The United Kingdom economy is heavily dependent on financial services – with the sector accounting for 12% of GDP and 2 million jobs: two-thirds of them outside London.Read more
Business/BankingWhat is an IFC?
International financial centres (IFCs) are jurisdictions that facilitate the international flow of capital.
Business/BankingThe Benefits of IFCs?
IFCs contribute hugely to the global economy and societies worldwide. They help create investment and jobs in onshore jurisdictions.