Tuesday, 2nd December 2008

financial services commission

Top regulator is to investigate GFSC

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A FORMER Bank of England executive director will lead the inquiry into the Guernsey Financial Services Commission’s handling of the banking crisis.

‘Protect our money now’

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DEPUTIES are calling for protection of islanders’ money.

Depositor protection scheme ‘must be right, not rushed’

A DEPOSITORS’ protection scheme in Guernsey might offer a guarantee of up to £50,000 – in line with the UK’s –  but it will not be rushed in, the Guernsey Financial Services Commission has warned.

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Bank collapse highlights depositor protection

GLOBAL financial turmoil has put depositor protection back in the spotlight – but a local scheme is still some way off.

What sort of island do we really want?

ONE of the paradoxes of the States decision to restrict Guernsey’s population to ‘at or around current levels’ is that its other policies actively encourage it to grow. As one minister put it last week, the growth taps are on full.