Positive Outlook for 2016

A fresh approach to banking and further research work are high on the agenda for 2016 and the insights of the speakers and expert panellists at our Annual Review 2015 certainly provided food for thought.

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With more than 200 attendees, it was also a pleasure to see so many of our Members take the time to come to the event.

Our Future of Banking project, which will outline the potential for Jersey to adopt a new approach to banking, will be finalised later this year, and a fresh report entitled Jersey’s Value to Europe, which will build on the findings of our instrumental Value to the UK analysis, should also provide some compelling fact-based evidence.

It was certainly pleasing to hear Partner at EY, Hugh Harper, describe Jersey as ‘the right place with the right people’ to establish itself as the go-to location for innovative global banking. He also commended the cooperation between our finance industry, regulator and government, which combined with a stable banking sector gives the Island a distinct advantage.

Further highlights included introductions from Jersey Finance Chairman, Robert Christensen, and Chief Minister Ian Gorst, who underlined our high standing in tax transparency and pointed to the government’s focus on digital innovation.

Also in the pipeline for 2016, will be further work on our overseas markets, such as Africa, where we’re already gaining notable traction, and, closer to home, we are already in the throes of working on our next research paper into the contribution our finance industry makes to the local economy.

With growth across the funds, private wealth and capital markets sectors leading to increased employment for local people, there is much to be positive about as we embark on a new year.

Our finance industry is something to be truly proud of and, while there will undoubtedly be challenges ahead, we’re more than well equipped to handle them.

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