Start learning 50% faster. Sign in now
There are several factors that contribute to the success of a global financial center. A successful global financial center is characterized by their ability to attract capital, provide a range of financial services, and support a highly skilled labor force and infrastructure. Furthermore, political stability and a favorable business environment is critical to the success of a global financial centre. A leading GFCs would typically have the following features: •Political stability and a favorable business environment: This includes factors such as low taxes, flexible labor laws, and a strong legal system that protects property rights and enforces contracts. These factors create an environment that is conducive to doing business and attracts investment. •Availability of skilled labor: Global financial centers require highly skilled professionals such as bankers, traders, and investment managers. The availability of a highly skilled labor force helps to attract financial institutions and enables them to provide high-quality financial services. •Infrastructure: Global financial centers require advanced telecommunications, transportation, and technology infrastructure to facilitate the movement of funds and data across borders. Access to international airports, high-speed internet, and modern office buildings are essential for attracting global financial institutions. •Strong regulatory environment: they have a strong legal and regulatory environment that protects investors and ensures the stability of the financial system.
What is the major difference between Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
Which currencies were included in LIBOR?
Net Interest Margin is a key profitability metric for banks. How is it best described?
What does the capability approach focus on in achieving justice?
As per RBI guidelines, for the purpose of calculation of LTV in case of housing loans, stamp duty, registration and other documentation charges can be a...
The ownership structure of a Regional Rural bank is?
Which of the following organisations are involved in preparation of Social Progress Index (SPI)?
Consider the following statements
1. Railways budget is presented together with the Union budget from financial year 2017-18.
2. The ...
What is the provisioning requirement for a standard asset for fund based facilities of Farm Credit to agricultural activities, individual housing loans ...
Which of the following is not a feature of debentures?