Paris and Frankfurt, Tuesday 28th of January 2025.

The attractiveness of financial centres is a significant issue for both public authorities seeking to attract businesses and for the businesses themselves, which require a favourable ecosystem and easier access to financing.

To meet these needs, the ILB in Paris and the CFS in Frankfurt have developed an innovative tool called OFEX: Open Financial Ecosystem indeX.

The second edition of this index, presented simultaneously in Paris and Frankfurt on Tuesday 28th January, is based on a scientifically robust, transparent, and replicable methodology. This new OFEX ranking encompasses 53 criteria identified from the most recent available data.  

Among the notable developments in this second edition, five new financial centres have been included in the OFEX ranking due to improved data availability: Abu Dhabi (United Arab Emirates), Athens (Greece), Bogota (Colombia), Manama (Bahrain), and Vilnius (Lithuania). Furthermore, while the top three remain unchanged with New York, Chicago, and London, shifts have occurred within the top 10, with Tokyo declining, Paris and Frankfurt progressing, and the entry of two Chinese financial hubs: Shanghai and Shenzhen. The remainder of the exclusive ranking is accessible at the following address:

https://ofex.institutlouisbachelier.org/

“This second release of OFEX ranking is a great opportunity to analyse financial centres dynamics and give unique insights to decision-makers from the financial sector “, says Louis Boulanger, Director of ILB Labs.

“OFEX is the result of a very constructive French-German scientific cooperation that contributes to the debate on how international financial centres should best be compared and ranked. We look very much forward to an intensive and fruitful discussion about both the method and the outcomes “, adds Volker Brühl, Managing Director of CFS.

 

Contact:

ofex@institutlouisbachelier.org

About Institut Louis Bachelier:

The Institut Louis Bachelier (ILB) is an association, created in 2008 at the instigation of the French Treasury and Caisse des Dépôts. The DNA of the Louis Bachelier Network, comprising the ILB and two associated foundations (Fondation du Risque and Institut Europlace de Finance), is scientific research that promotes sustainable development in Economics and Finance. More than 60 programmes are currently housed within the Louis Bachelier Network, with a focus on four societal transitions: environmental, digital, demographic and financial. Activities aim to engage academics, private sector and public authorities in research programmes, as well as in scientific events and other forums.

https://www.institutlouisbachelier.org/

 

About CFS:

The Center for Financial Studies (CFS), affiliated to the Goethe University in Frankfurt, conducts independent and internationally – oriented research in important areas of financial and monetary economics, ranging from monetary policy and financial stability, household finance and retail banking to corporate finance and finance markets. The CFS is also a contributor to policy debates and policy analyses, building upon relevant findings in its research areas. In providing a platform for research and policy advice, the CFS relies on its international network among academics, the financial industry and central banks in Europe and beyond.

https://gfk-cfs.de/en/