Jersey top offshore jurisdiction in global rankings

Jersey is the only offshore jurisdiction in the top twenty most competitive global finanical centres.

According to the Global Financial Centres Index produced every six months, Jersey is 18th overall, ahead of Guernsey, which has fallen out of the top twenty to 22nd, the Isle of Man (24th) and Cayman (28th).

London remains number one in the rankings but it has dropped 15 ranking points and is now tied with New York. Meanwhile, Hong Kong is in third place.

Geoff Cook, chief executive of Jersey Finance Limited, says: ‘Considering the impact of the financial crisis and the scrutiny that has been directed at offshore finance centres, it is extremely encouraging that Jersey has improved its rating and retained its leading position among its offshore rivals.

"We are now the only jurisdiction in the offshore category in the top twenty so these rankings are very positive for us.'