Both jurisdictions were found to have a high level of compliance with each of the international standards against which they were judged. These included the Basel Core Principles for Effective Banking Supervision, the Insurance Core Principles of the International Association of Insurance Supervisors, and the Financial Action Task Force's 40+8 anti-money laundering recommendations.

Guernsey was especially commended by the IMF for its comprehensive regulatory framework and supervisory structure, the continuing action taken by the authorities to protect its reputation, the high level of international cooperation displayed by the Bailiwick, the standards maintained by the Guernsey Financial Services Commission, its proactive approach to regulating trust and company service providers, and the highly developed anti-money laundering and terrorist financing framework which has been put in place.

Jersey won praise from the multilateral body for its legal and supervisory system, the measures which have been put in place to facilitate international cooperation, the number of information exchange agreements entered into with foreign supervisory agencies, the measures put in place by the Jersey authorities in order to preserve the Island's reputation, the fact that Jersey was, in common with Guersey, one of the first jurisdictions to apply a comprehensive regulatory regime for trust and company service providers, and the high levels of anti-money laundering awareness demonstrated by financial services firms visited by the IMF delegation.

Responding to the release of the report, chairman of the Association of Guernsey Banks, Peter Symes observed that:

"Again Guernsey has proved to an outside agency that the Island complies with international regulatory standards. This helps us preserve our reputation as a premier offshore financial centre and is welcomed by the financial community."

Meanwhile, in a joint statement, president of Jersey's Policy and Resources Committee, Senator Frank Walker, and chairman of the Jersey Financial Services Commission, Colin Powell, announced that:

"This is an excellent outcome and we attach tremendous importance to the IMF's assessment. It is a valuable process and we are delighted that it has clearly demonstrated Jersey's high degree of compliance with international standards."