Treasury and resources minister Charles Parkinson, left, and Giba committee member Paul Meader at the Guernsey Review debate on the future of the finance industry. (Picture by Tom Tardif, 1189696)

CHERRY-PICKING legislation from the EU will not be sustainable in the long term, the Guernsey Review was told.

Guernsey International Business Association committee member Paul Meader told the audience that in the face of increasing global economic uncertainty, the island would no longer be able to continue the path it had so far followed.

‘Up until now we’ve been lucky to cherry-pick legislation from the EU. However, I can’t believe that’s going to be sustainable in the long term.

‘That’s where the significant danger lurks and we could also end up with unintended consequences,’ Mr Meader said, adding that the challenge would be dealing with the pressure from external regulators. ‘

• Read the full story in the Guernsey Press. Click here for subscription details. Individual editions are now available online.