Carey Group Managing Director Jim Gilligan
shares his views in the Guernsey Press' Q3 Business Review about
how the island's strengths are becoming apparent within the
global private wealth industry in the current age of transparency
and disclosure.
Ever since the banking crisis politicians and the media have
been looking to apportion blame and be seen to take action against
those deemed to be responsible. This had led to a raft of measures
to improve transparency in the financial world which has impacted
all institutions and their clients and this is of course true for
Guernsey and other similar offshore jurisdictions.
Transparency is a fact of modern life. Anyone using the internet
or indeed rushing to buy the new iPhone X must accept that personal
information is stored and may become public, intentionally or
otherwise. Transparency requirements introduced into the financial
services arena through a plethora of external reporting
requirements, (i.e.
