CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Guernsey Remains Leading Specialist Financial Centre

Guernsey Remains Leading Specialist Financial Centre

by Jason Gorringe, Tax-News.com, London

12 October 2012


Guernsey has been placed first in Europe and second globally in the latest rankings of specialist finance centres published annually by trade title, The Banker.

Guernsey maintains its position from last year, one place behind the Cayman Islands. Jersey remains fourth and the Isle of Man has moved up a position, from seventh to sixth.

Fiona Le Poidevin, Chief Executive of Guernsey Finance - the promotional agency for the island’s finance industry, said: “It is very pleasing to see that we have maintained our position as the leading specialist finance centre in Europe and second globally. Last year we had moved up two places and this reflected the fact that the island was proving more robust in the face of the global financial crisis and its aftermath than many of our competitors. Similarly, maintaining our position this year shows that overall we are showing stability at a time of continued uncertainty in the global economy."

She added: “Indeed, the underlying figures show that our score improved more than any of those centres immediately below us in the rankings and so, in fact, we have not just held but actually extended our lead over Jersey and the Isle of Man.”

The rankings are based on data supplied by each territory on the value of their respective financial services sectors as at the end of 2011.

TAGS: Isle of Man | Finance | tax | business | banking | capital markets | Cayman Islands | Guernsey | Jersey | Singapore | offshore | offshore banking | Hong Kong

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »