Finance Industry Survey To Be Launched In Guernsey

by Carla Johnson, Investors Offshore.com

27 June 2002

Guernsey's Advisory and Finance Committee, the Financial Services Commission, and the Guernsey International Business Association have teamed up to produce a comprehensive survey on the state of the jurisdiction's finance industry, according to a report in the Guernsey Press and Star this week.

The main aim of the poll, which will be sent to all licensed financial institutions, advocates, and accountants based on the Island, is to provide an up-to-date picture of Guernsey's finance industry and its effect on the Island.

However, GFSC Director-General, Peter Neville told the local newspaper that there are other, more targeted objectives which the three bodies hope to achieve with the survey.

The poll also aims to identify the reasons why industry players choose to locate in Guernsey, assess the impact of the finance industry's effect on the non-financial sector, assist in the development of States policy to maintain a sustainable finance centre, and identify the economic benefits brought to the Island by the finance centre.

'It is clearly in the interests of Guernsey that we maintain a diverse and vibrant financial services industry,' Mr Neville told the Guernsey Press earlier this week.

According to reports, international accounting and consulting firm, KPMG has been appointed to carry out the survey.

Recommended