Peter Crook's speech to The British Association, 13 January 2000
"My remit today is to discuss the changing regulatory offshore environment following the Edwards Report. John Aspden and Richard Pratt, my counterparts from the Isle of Man and Jersey, will discuss the Edwards Report and its specific effects in detail. The findings of the Report for Guernsey are not dramatically different than those for the other Crown Dependencies. The major conclusions for Guernsey were that trust and company administration firms and directors should be regulated. I expect legislation covering these areas to be agreed this year.
I intend mainly to concentrate on the international pressures which led to the Edwards Report and the more recent international initiatives against offshore finance centres.
