THE island appears to have escaped the fall-out of Sir Allen Stanford’s alleged investment fraud, according to the Guernsey Financial Services Commission.

EXPOSURE to the Madoff fraud in the US has been limited to a small number of investment vehicles in the island, according to the Guernsey Financial Services Commission.

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.

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

A DEPOSITORS’ protection scheme in Guernsey could be a step closer.

GUERNSEY’S finance sector has reacted with delight to news that the terms, ‘offshore’ and ‘onshore’, are to be dropped by the International Monetary Fund.

THE Guernsey Financial Services Commission is celebrating its 20th anniversary.

CONFIDENCE in financial institutions and markets must be re-established, says the Guernsey Financial Services Commission director-general.

CONSULTATION with the finance industry is due to start in the summer about a compensation scheme for islanders if their bank went bust.