Jersey puts cash on the barricades

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Jersey Finance: More funding? » Business » This Is Jersey.

JERSEY’S finance industry needs more money to defend its position as a well-regulated offshore jurisdiction, according to the Treasury Minister.

Senator Philip Ozouf says that maintaining Jersey’s clean international image is an ongoing and costly job [and]has warned that the Island should not ‘let its guard down’ following recent IMF and OECD approval.

This is because the ‘microscope on offshore finance centres is not going to end,’ he said. And he has signalled that he might give promotional body Jersey Finance Ltd some of the Island’s fiscal stimulus funding in order to market Jersey internationally.

You're right on this one Philip. But unless you've discovered something King Canute did not you'll be throwing good money after bad as the tide is going to overwhelm you whatever you do.

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