On 23 June 2016, Britain shocked the world by voting to
end its 43 year relationship with the European Union. Deutsche Bank
Director for the Channel Islands, Daniel O'Driscoll, discusses
the implications this is likely to have for Britain's crown
dependencies – and Guernsey in particular.
With a strong track-record in adapting to macro trends,
regulatory shifts and developments in overseas markets, Guernsey,
as an international finance centre, is used to changing to the
times, particularly given the size of its private wealth management
sector supporting clients pursuing wealth, estate and succession
planning strategies on a global scale.
The result of the UK's referendum on EU membership in June
this year, however, posed firms and the authorities in Guernsey
with some particularly challenging questions. Although the result
was, it seems, a shock to businesses both here and in the UK, with
many polls managing to predict the outcome with such inaccuracy,
for
