Which financial center is the most attractive in the world?

Paris and Frankfurt, Tuesday, January 28, 2025.The attractiveness of financial centers is an important problem both for public authorities wishing to attract companies and for the latter, which need to benefit from a favorable ecosystem, while allowing them to access financing more easily. It is in this context that the ILB in Paris and the CFS in Frankfurt have built an innovative tool called OFEX: Open Financial Ecosystem Index. The second edition of this index was presented this Tuesday, January 28 simultaneously in Paris and Frankfurt. Based on a scientifically robust, transparent and replicable methodology, this new OFEX ranking brings together 53 criteria identified from the most recent accessible data.Among the notable facts of this second edition, five new financial centers join the OFEX ranking due to better data availability: Abu Dhabi (United Arab Emirates), Abu Dhabi (United Arab Emirates), this new OFEX ranking includes 53 criteria identified from the most recent accessible data. Among the notable facts of this second edition, five new financial centers join the OFEX ranking due to better data availability: Abu Dhabi (United Arab Emirates), Abu Dhabi (United Arab Emirates), and Vilnius (Lithuania). Moreover, while the top three remains unchanged with New York, Chicago and London, developments have taken place in the rest of the top 10 with the decline of Tokyo, the rise of Paris and Frankfurt, as well as the entry of two Chinese financial centers, as well as the entry of two Chinese financial centers: Shanghai and Shenzhen. The rest of the exclusive ranking is available at the following address: https://ofex.institutlouisbachelier.org/ “This second edition of the OFEX ranking is an excellent opportunity to analyze the dynamics of financial centers and to provide unique information to decision-makers in the financial sector”, says Louis Boulanger, director of ILB Labs “OFEX is the result of a very constructive Franco-German scientific cooperation that contributes to the debate on the best way to compare and classify international financial centers. We look forward to an intensive and fruitful discussion on the method and the results”, adds Volker Brühl, CEO of CFS.contact: ofex@institutlouisbachelier.org About ILB:The Louis Bachelier Institute (ILB) is an association under the law of 1901, created in 2008, under the impetus of the General Directorate of the Treasury and the Caisse des Dépôts. The DNA of the Louis Bachelier Network, composed of the ILB and two affiliated foundations (Fondation du Risque and Institut Europlace de Finance) is scientific research, which promotes sustainable development in economics and finance. Currently, nearly 70 programs are hosted within the Louis Bachelier Network, with a focus on four societal transitions: environmental, digital, demographic and financial. The activities aim to engage academics, businesses, and public authorities in research programs, as well as in scientific events and other exchange forums.Find out more: https://www.institutlouisbachelier.org/À About CFS:The Center for Financial Studies (CFS), affiliated with Goethe University in Frankfurt, conducts independent and international research in important areas of financial and monetary economics, ranging from monetary policy and financial stability to corporate finance. And to financial markets, including household finance and retail banking. The CFS also contributes to political debates and analyses, drawing on relevant findings from its research areas. By providing a platform for research and policy advice, CFS draws on its international network of academics, financial industry representatives, and central banks in Europe and elsewhere. For more information: https://gfk-cfs.de/en/‍ ‍

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