Only to speak of the industrialised world, it is necessary to make our public opinions sufficiently aware of the externalities of national decisions, and consequently  8  BIS Review 46/2010  on the necessity to internalize complex concepts like global economic prosperity and global financial stability. In our democracies, very fortunately, decisions depend on the sentiment of the people.
Given what has happened elsewhere, any doubt over the quality of supervision and the degree to which international standards are being enforced on financial firms in the IFSC would adversely affect the functioning of that sector. Of course the cost of regulation is also a factor in industrial location; inefficient regulation can therefore be as useless as no regulation.