---
title: Singapore Gains as Financial Center
description: London and New York lose some clout but still top the list.
image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-491056644-May-12-2022-09-32-29-40-AM.jpg
---

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[TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20)

 03.27.2017

 By Terry Flanagan

 From The Markets

# Singapore Gains as Financial Center

 03.27.2017 By Terry Flanagan

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Z/Yen has published the 21st Global Financial Centres Index (GFCI 21), rating 88 financial centres.

Brexit and the US election have had a significant impact. London and New York fell 13 and 14 points respectively. These were the largest declines (except for Calgary) in the top 50 financial centres.

There was no change in the top five positions: London, New York, Singapore, Hong Kong and Tokyo remain the top five financial centres.

The gap between third place Singapore and second place New York continues to close.

Click [here](http://www.longfinance.net/images/gfci/gfci_21_press_release.pdf) for the release.

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