Jersey Hosts International Meeting For Securities Regulators

by Robert Lee, Tax-News.com, London

12 July 2002

According to a report in Wednesday's Jersey Evening Post, the meeting of the International Organisation of Securities Commissions (IOSCO), hosted by the Channel Island jurisdiction's Financial Services Commission this week, presented the ideal opportunity to enhance Jersey's reputation as a leading finance centre.

The JEP reported that 25 representatives from the world's major financial centres attended the two-day meeting of the international body's implementation committee, which was looking into how regulators themselves should be assessed.

However, JFSC Director-General Richard Pratt told the newspaper that in addition to the issues being discussed, there was another - equally important - agenda behind the jurisdiction's offer to host the meeting:

'It's important to us that people are coming here and can see that Jersey is a real finance centre, with real people doing real jobs. They can walk into town and they can see that the banks and financial institutions are not just brass plates - they have an actual physical presence.'

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