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Guernsey's financial standing "not guaranteed"

Guernsey's financial standing

Monday 12 October 2020

Guernsey's financial standing "not guaranteed"

Monday 12 October 2020


The next States Assembly must be "agile, responsive and able to adapt to changing global standards" in order to maintain Guernsey's position as a leading financial centre.

The 38 Deputies Elect have all been confirmed, with many viewing the next government as more business-minded and 'centre-right' than its predecessors.

Tony Mancini, Head of the Guernsey International Business Association, said it is vital that the States does not take Guernsey's finance industry for granted.

"Congratulations to all who have been successfully elected," he said. "It is important we all remember Guernsey’s position as a leading financial centre is in no way guaranteed.

"Our competitor jurisdictions are well funded and actively competitive. As we head into the next States we need to enable Guernsey to be agile, responsive and able to adapt to changing global standards.

"We need to do this through implementing new products and in amending legislation to help us maintain our competitive advantage. GIBA looks forward to working together with the new States to help deliver on these objectives."

GIBA recently published a document which provides an introduction to the sector, containing contributions from each of its member associations about their field of specialism and what the future may hold.

Pictured top: Head of the Guernsey International Business Association Tony Mancini. 

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