Ifcs casablanca 2014. IFCs are essential lubricants in global investment, making them important drivers of growth in both developed and developing countries. They help create investment and jobs in onshore jurisdictions. They boost the returns to pensions and reduce cost of insurance policies. As an industry group whose members eat, sleep, and breathe IFCs, we want to see these myths put to bed. This specialism creates certainty Creating jobs – IFCs contribute significantly to job creation onshore by increasing returns and thus increasing investment. IFCs in small jurisdictions provide services through which companies, institutions, and individuals across the world carry out cross-border trade and investment. International financial centres (IFCs) are jurisdictions that facilitate the international flow of capital. Specialised for commercial transactions – IFCs have legal systems that specialise in relevant areas of law, particularly relating to trusts, funds, insurance, and corporate vehicles. IFCs contribute hugely to the global economy and societies worldwide. Supporting onshore financial centres Although IFCs are heavily oriented towards financial services, the world’s largest financial centres are onshore: London, New York, Singapore, Tokyo, and Frankfurt. That can only happen if investors around the world recognise that IFCs adhere to the highest standards. For example, jobs in aircraft manufacturing in Seattle, Toulouse, or Bristol are stimulated by the use . International finance centres (IFCs) are part of a global economic system that facilitates more efficient trade in goods and services between nations, and helps to increase overall levels of wealth and prosperity in both developed and developing economies. IFCs are primarily used by institutional investors for commercial transactions. That allows them to adopt specialised laws and regulations for business to business transactions. IFC Forum fully supports the rigorous enforcement of international standards and has called for their universal adoption. Myths v Reality There are a number of misconceptions about IFCs. Capital Economics has estimated that Jersey supports 250,000 jobs in the UK and BVI supports 150,000, while Transnational Analytics found that Bermuda supports 69,000. The world’s economies continue to move closer together. High levels of regulatory compliance IFCs succeed because businesses trust their legal and regulatory frameworks. For example, jobs in aircraft manufacturing in Seattle, Toulouse, or Bristol are stimulated by the use International financial centres (IFCs) are jurisdictions that facilitate the international flow of capital. “Tax havens” Myth: “Offshore centres are tax havens – they exist to dodge taxes!” Reality: This is simply ill-informed. Financial services are a massive industry for even major economies. xqzf plalc g9n az4lx0n rzdx vwyynju cjg01 zaf vrx t4df