Such conditions include a stable political system that includes a reliable legal system and a consistent institutional framework, efficient regulation, low levels of red tape, a lack of corruption, cost competitiveness as well as favourable and reliable fiscal conditions. The macroeconomic environment also plays a role. 2.
Human resources: How many people with the required level of education are available at the respective financial centre? The more complex financial transactions become, the more qualified employees will have to be in order to continue generating business potential. Another element is the flexibility of the labour market. 3.