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IFC Forum
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The International Financial Centres Forum (IFC Forum) was founded in 2009 by a group of professional services firms based in small international finance centres. The IFC Forum's objective is to provide authoritative and balanced information on the role of IFCs in the global economy. IFC Forum members operate in jurisdictions with high regulatory standards such as the top-ranked offshore centres in the latest Global Financial Centres report: Jersey, Guernsey, Isle of Man, Cayman Islands and Bermuda. Empirical Data on IFCs Various reports have noted that there is an absence of up-to-date and reliable empirical data on the contributions made by IFCs to the global economy . The IFC Forum has aimed to address this by collating papers and reports by government, professional services and academic bodies in a 'Knowledge Centre' on the IFC Forum's website . The IFC Forum was founded in 2009, at a time when low-tax and zero-tax jurisdictions were being criticised by NGOs, international organisations and the G20 for contributing to tax leakage. The Forum instead argues member jurisdictions help promote wealth by: *pooling funds to act as portals for efficient collective investment into and out of major economies *facilitating the management of pension assets, reducing costs, enhancing investment returns and facilitating investment diversification *allowing companies to manage sudden risks, like foreign exchange fluctuations *provision of insurance and reinsurance facilities for onshore risks *provision of liquidity to markets, lowering the cost of capital to business 
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