Survey To Help Shape Future Of Guernsey's Finance Industry

by Carla Johnson, Investors Offshore.com

10 September 2002

A survey jointly launched by the Guernsey International Business Association, the Financial Services Commission, and the Advisory and Finance Committee is set to shape the future of Guernsey's finance industry.

The Guernsey Press and Star reported late last week that the questionnaires- which have been sent out to every company involved in the provision of financial services on the Island- are designed to assess the amount of interdependence which exists between the different sectors of the finance industry, to determine the degree to which the industry benefits the economy, and to look at how to establish benchmarks for financial institutions.

The local newspaper reported that the views expressed by respondents are likely to influence the Advisory and Finance Committee's response to the UK authorities on policy in relation to the EU Code of Conduct on Business Taxation. It therefore stressed the importance of completing the survey, a viewpoint echoed by GIBA Chairman, Stephen Jones.

'It looks quite daunting, but I would seriously urge companies to give it their best shot and complete it,' he told the Guernsey Press and Star, adding that: 'The more people who complete it the better.'

The last comprehensive review of Guernsey's finance centre took place in the mid-1990s.

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