Deloitte's second annual Global Offshore Survey, called "The Titans Take Hold, " was based on responses from 43 financial institutions, 60% of which are U.S. based, with the remainder in Europe.

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Indeed, it's worth a brief digression to underline the findings of the latest survey of Scotland's offshore services industry, published at the weekend by the Scottish government.

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In the same survey a year ago, only 29% of institutions surveyed by Deloitte had moved operations offshore.

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