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Isle of Man drops in GFCI rankings

The Isle of Man has suffered a blow in the latest Global Financial Centres Index.

It has fallen eight places to 32nd since the previous list was published, in March.

The Island continues to lag behind both Jersey and Guernsey, which are ranked 22nd and 26th respectively.

The Global Financial Centres Index ranks the competitiveness of financial centres, based on 26,629 financial centre assessments from an online questionnaire, together with over 60 indices.

It is compiled by Z/Yen Group and published twice a year by the City of London Corporation.

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