GFSC consults on protection
Thursday 7th August 2008, 2:29PM BST.
A DEPOSITORS’ protection scheme in Guernsey could be a step closer.
The Guernsey Financial Services Commission has issued a consultation paper to members of the Association of Guernsey Banks.
It wants to seek their views about proposals to amend several key areas of regulatory policy and to introduce a range of measures aimed at safeguarding retail depositors.
GFSC director-general Peter Neville said the plans would reinforce Guernsey’s reputation as a mature and well-regulated finance centre.
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About time………..
Should have been addressed years ago.
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