Dominic Wheatley, Chief Executive of Guernsey
Finance, considers reputation and argues that public registers of
beneficial ownership are not the answer to the world's
ills.
These days I spend much time thinking, writing and talking about
reputation. There is a good reason for this. Reputation
is the foundation of trust, and trust is at the core of financial
services. To be an effective jurisdiction for private wealth
management, clients need to be confident of the outcome of
arrangements over the long term. To achieve this requires not
only the right infrastructure and culture now, but the reliability
of that into the future.
The elements to this are conceptually simple, but hard to
achieve. They are the reputation from the past, the efficacy
of the present, and the sustainability of the future,
