Saturday, 20th March 2010

Business from the Guernsey Press

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‘Drop in value of deposits masks good news elsewhere’

Peter Niven

THE value of Guernsey bank deposits fell by a quarter in 2009, but GuernseyFinance say the situation has stabilised.

Growing burden of regulation could put small firms at risk

Sean Cheong

THE demands of yet more regulation across the financial services industry has been questioned by a leading advocate.

Guernsey shines at fiduciary forum

Michael Foot at the Guernsey Fiduciary Forum

THE author of the independent review of British offshore financial centres has been talking up Guernsey’s finance sector.

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We must hang on to our captive insurance

THE island must not lose its competitive edge in the captive insurance arena, the chief executive of GuernseyFinance has warned.

Former States PR man questions role he left

THE first ever director of communications at the States is not surprised his role has been left vacant.

Cash injections a good start but it’s not over yet

ACTING decisively with financial stimulus when the banking crisis hit will not be enough to stop the West experiencing a ‘lost decade’ of its own if it is not careful, according to British financier Guy Hands.

‘Exile’ speaks to IoD

LABELLED a tax exile by the UK press following his move to Guernsey last year, British financier Guy Hands made his first public appearance in the island last night.

Corporate tax review welcomed

THE finance industry has welcomed news that Guernsey will carry out a joint review of Europe’s corporate tax regimes.

Oil shocks could derail recovery – emerging markets look safer

SHARP increases in the price of oil could risk the economic recovery that is currently under way, according to two local investment experts.

Code will give finance a lead over close rivals

A CODE of corporate governance will give Guernsey’s finance sector an advantage over its nearest rivals, according to the head of the practitioner working party behind it.