Financial centre of the 19th century. After 1870, Berlin and New York grew to become major financial centres mainly serving their national economies. An array of smaller international financial centers found market niches, such as Amsterdam, Brussels, Zurich, and Geneva. London remained the leading international financial center in the four decades leading up to World War I. Since then, London and New York have developed leading positions in different activities and some non-Western financial centres have grown in prominence, notably Tokyo, Hong Kong and Singapore. In Asia, Tokyo emerged as a major financial centre in the 1980s as the Japanese economy became
Independent Financial Centre of the Americas drawn up by Patton Boggs, a Washington law firm, and Deloitte Consulting in London – would be separate from those that already apply to the Dominican Republic's domestic financial system. According to Mr. Bucher, "Instead of an auditor coming in once a year you’ll have constant live and real-time monitoring of transactions." For a country that has just survived the biggest banking crisis in recent Latin American history, it might seem a bit ambitious to launch an offshore financial centre. But that is exactly what is planned for the Dominican Republic. The country was selected for the IFCA due to