The Edwards Review

Report Of The Advisory And Finance Committee On The Status Of The Review Of Regulation In The Crown Dependencies

The Edwards Report, which was published in November 1998, was welcomed by the Guernsey Authorities as independent confirmation of the Island's high standard of financial services regulation and its commitment to combat crime of all types. It endorsed the strength of Guernsey in the areas reviewed and described the Bailiwick as being in the "top division of offshore finance centres" (s11) "with reputations for stability, integrity, professionalism, competence and good regulation" (s7).

The Report praised regulatory systems, judicial and prosecution systems and co-operation with other jurisdictions stating that "The Islands have impressive arsenals of financial, company and criminal legislation"(s20) and that "For the most part the Island's existing and prospective legislation seems satisfactory. In some respects, and especially in relation to