WHAT RANKINGS MAY NOT TELL YOU ABOUT SINGAPORE’S STANDING AS A FINANCIAL CENTER
Singapore financial district, Dec 2015. Wikimedia Commons
By Woo Jun Jie
Closely watched by industry practitioners, policymakers and academics alike, financial center rankings often provide an indicator of the geo-economic circumstances that drive the rise of prominent financial centers and herald the fall of declining ones. It is therefore with little surprise that many are reading the runes with two recently released financial center rankings, with some sounding the alarm for a potential decline in Singapore’s pre-eminence as a leading Asian financial center.
First published in: Today