GP OpinionOVER the last few days, Opinion has looked at some of the downsides of Guernsey introducing a protection scheme for depositors, certainly as far as savers are concerned, and questioned the benefits of a limited package at a time when others are offering a ‘100% money back’ guarantee.
GP OpinionSPEAKING in Leeds earlier this week, Bank of England governor Mervyn King delivered a nine-page assessment of events that had led to the credit crunch, predicted that the plan to recapitalise the banking system, here and abroad, would come to be seen as the moment in the banking crisis when we turned the corner – […]
GP OpinionWHEN the Policy Council brings forward its report on a depositor protection scheme for debate later this year, one of the issues States members will consider is whether the cost of the system and its effects on the banking sector here are justified by the reputational benefits achieved.
GP OpinionON FRIDAY, Opinion ran a letter from a well-placed insider making some cautionary points about the forthcoming proposals for Guernsey to introduce a bank-funded depositor protection scheme and the harm that the DPS could cause to the industry here.
By Nick MannThe UK’s perception of Guernsey as a tax haven is one reason why we should expect little sympathy over the collapse of Landsbanki – however unjust.
GP OpinionWHEN the States meets next week, a group of deputies will seek to question government’s handling of the Landsbanki Guernsey affair and, in particular, why this island does not yet have a deposit protection scheme for investors.
GP OpinionWHILE many people’s attention has been focused on the unfolding developments in the global economy and, more recently, the collapse of Landsbanki Guernsey, another group has been concentrating on events much closer to home - completing the Alzheimer’s and dementia care unit at L’Aumone.
GP OpinionIF THERE is any good news from the Landsbanki Guernsey affair, it is that depositors have not lost all their money - one third will be returned to them in a short space of time. The bad news, however, is that it is unlikely savers, nearly 800 of whom are from this Bailiwick, will get […]
GP OpinionGUERNSEY secured valuable support from the UK Treasury when officials assured Policy Council representatives that it would support the States in representations with the Icelandic Government over Landsbanki Guernsey.
Time to talk and be open
By Rob Batiste
TONY VANCE has the potential to be a mighty fine island football manager, of that I have no doubt.