Introduction
Guernsey is firmly established as a prime financial service
centre setting the benchmark for industry regulation and supported
by a highly regarded legal system. Its expertise in banking, trust
administration, insurance services, fund services, and legal and
accounting services has attracted substantial private wealth to the
island. The island has gained an enviable reputation for innovation
in the provision of financial services to its international client
base, a well-known example being the development of the protected
cell company structure in which its lead has been followed by many
other jurisdictions.
The island has, over the years, responded to client needs,
preferences, and sophistication in the provision of financial
services generally. In order to address these changing needs and
also to respond to a widening international client base, over the
last two years the island has introduced new legislation to enable
it to provide innovative
