Foot: Guernsey Well Placed To Meet Future Challenges

Financial services veteran and 'offshore' report author Michael Foot believes Guernsey is well placed to meet the challenges that continue to come its way in the wake of the global financial crisis.

Mr Foot authored the HM Treasury commissioned report into the British Crown Dependencies and Overseas Territories that was published in late October last year.

He told the 130 delegates at the Guernsey Fiduciary Forum 2010 in London on Thursday 25 February that the global financial crisis had resulted in greater scrutiny of so-called 'offshore' centres but Guernsey had responded positively and is well positioned for the future.

"A jurisdiction like Guernsey has its own future in its own hands and it needs to be left to get on with that within a framework of good governance," said Mr Foot.