The jurisdiction of the British Virgin Islands has become the only offshore financial centre the rating of which improved in the latest edition of Global Financial Centres Index (GFCI 9), while other jurisdictions, including Bahamas, showed decline that had started with the beginning of the global financial crisis in 2008. GFTI rating of the BVI raised by two points and achieved 40th place in the ranking. Executive Director of the BVI International Finance Centre Sheri Ortiz considers that the BVI's boost in the ninth edition of the GFCI is for the centre's ongoing commitment to regulation, transparency and continued growth in the financial services offering of the jurisdiction.
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