Finance would welcome a value being put on its contribution

By Simon Tostevin

Andy Sloan THE finance industry would welcome moves to obtain clearer information on its economic output, according to the Guernsey International Business Association.

States economist Dr Andy Sloan (pictured) revealed earlier this month that the Policy Council was considering ways in which it could gather more widespread and timely information on the finance sector, possibly in a similar way to Jersey’s long-running survey of financial institutions.

Informal discussions he said had been held with the Guernsey Financial Services Commission to assess whether something could be done to collect similar information locally and in a cost-effective way that would not cause further administration burdens on either the finance sector, the GFSC, or the States.

Giba committee member Mike de Haaff said further information gathering was a positive move, but ruled out the possibility of Giba being able to lead any such initiative.