THE McKinsey report conclusion that the work of the States, the regulator and the industry must be carefully co-ordinated has been welcomed by Jersey Finance chief Geoff Cook and Jersey Financial Services Commission director general John Harris.
The report on the future of finance in Jersey, based on work by the international consultants which began in October last year, says that the sector has a promising future, though effort will be required to make sure that it continues to develop and prosper.
Mr Cook said: ‘The research has highlighted that there is no “magic bullet” for instant success but it has pinpointed the value of protecting and nurturing what we already have from the threat of competitive challenges as the key priority.’
Mr Harris added: ‘The JSFC shares the view expressed by the research team that the future success of Jersey as a reputable international finance centre, recognised as such internationally, will be greatly assisted if stakeholders – government, regulator and industry – work closely together to a common purpose.’
Loading...