When it comes to new regulations, Guernsey is offering
optionality to overcome 'fortress Europe', according to
Fiona Le Poidevin, Chief Executive of Guernsey Finance.
Guernsey's position 'offshore' and outside of the
EU, coupled with our regulatory regime, infrastructure and
expertise, mean the domicile offers tailored optionality for the
international fund community.
Indeed, on a recent delegation to the US where I spoke to a
range of fund managers, we heard how many of them were currently
avoiding marketing into Europe completely due to onerous EU
regulation. These fund houses were choosing to concentrate solely
on the US market, because of what they described as "fortress
Europe". Many managers and promoters had specific concerns
surrounding how marketing funds into Europe had become much more
challenging as a result of the Alternative Investment Fund Managers
Directive (AIFMD) and said the amount of scope that individual
national regulators had in the
