Jersey's Strategic Focus On High Quality Regulation Continues To Yield Dividends

While the Panama Papers made headlines about the offshore world, the reality for Jersey was that the work that has been done to carve ourselves a role as a financial services centre that bases its reputation and "sales pitch" on the strength and quality of its regulation is continuing to pay off.

Positive statements about the level of regulation have come from EU Trade Commissioner Pierre Moscovici, from former Prime Minister David Cameron and from groups such as Moneyval and ESMA, and there is recognition, it seems, that our standards meet and often exceed those of onshore centres.

That work is going to continue – the only way that we can maintain our reputation is by continuing to strengthen our regulatory frameworks and apparatus – our "Early Adopter" status as regards to the Common Reporting Standard is a good example of that, but the work is constant.