News - 12.09.2018

GFCI: Luxembourg once again ranked top 3 financial centre in the EU

  • The Financial Centre

Luxembourg is once again ranked as one of the top 3 financial centres in the EU, according to the latest edition of the Global Financial Centres Index 24, published today.

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Furthermore, at global level Luxembourg remains among the top financial centres likely to become more significant in the future.

Luxembourg’s continuously strong position in this index reflects the stability of the country’s international financial centre and its continued growth, with several additional international institutions choosing to set up all or part of their EU activities in Luxembourg since the publication of the previous edition of GCFI in March.

Leading banks, insurance companies, asset managers and private equity firms are serving the EU Single Market out of Luxembourg. Many of them are currently strengthening their existing presence to be able to continue to serve their European clients post-Brexit, while many others have joined them by setting up new operations in Luxembourg over the past 2 years.

Luxembourg is moreover the largest investment fund centre in Europe, and the leading global fund distribution hub. The financial centre is committed to stay at the forefront of the digitalisation of financial services and is playing a pioneering role in sustainable finance.

The GFCI is published by Z/Yen in London and ranks financial centres by several factors of competitiveness, such as business environment, human capital, taxation, reputation, infrastructures and financial sector development.