The Foot Review

On 29 October 2009 HM Treasury in London published a report on the British Offshore Finance Centres, commissioned by The Chancellor of the Exchequer in December 2008 and prepared by Mr Michael Foot, a former senior Bank of England official. The report was intended to identify the long-term opportunities as well as the challenges facing those OFCs, which comprise the three British Crown Dependencies (Jersey, Guernsey and the Isle of Man) and six British overseas territories (Anguilla, Bermuda, British Virgin Islands, the Cayman Islands, Gibraltar, and the Turks & Caicos Islands), particularly following the turmoil in the financial markets during 2007 and 2008 and the subsequent impact on the world economy.