Speaking at a ceremony to mark the near completion of HSBC's new offshore headquarters last week, Finance and Economics Committee President, Frank Walker expressed confidence in the future for Jersey's finance industry.
The Jersey Evening Post reported that, in a speech given after the laying of the last brick, or 'topping off' of HSBC House, Senator Walker observed that:
'This is a tangible show of confidence at a time when one is definitely needed. It is welcome because, as you may have noticed, we do not lack for doom-mongers in the current assessment of Jersey, given the general world economic scene and international pressure on the Island to sign up to other people's tax agendas.'
He went on to add that: 'We have largely met, or are dealing with the pressure being brought to bear on us internationally, and therein lies one of Jersey's enduring strengths - that we are able to adapt and innovate to survive.'
Senator Walker's optimism was echoed by HSBC International's CEO, Guy Hamilton, according to the JEP. Mr Hamilton predicted that the Channel Island jurisdiction will continue to go 'from strength to strength' despite the current slump in the international equity markets
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