Commenting on the outcome of the UK’s referendum on the European Union, Geoff Cook, CEO, Jersey Finance, said:
"Jersey’s role as a stable and well-established finance centre should give some much-needed reassurance to investors, their advisers and the asset management community in light of this outcome.
Whilst financial markets are seeing a degree volatility, history has shown that Jersey has dealt well with this in the past and will do so again. Fundamentally, Jersey’s constitutional relationship with the UK will not be affected by the UK’s decision to leave the EU, and we remain convinced that the UK’s long-term position as a financial services powerhouse will continue. In addition, Jersey is already outside of the EU itself and maintains strong access to European markets through its broad and robust third country agreements. These also remain unaffected. Meanwhile, given the increasingly global outlook of Jersey’s finance industry, spanning Asia, the Middle East and Africa as well as Europe, it is in a strong position. Jersey’s financial services businesses have always demonstrated real tenacity in the face of change, whilst Jersey’s government is on the front foot in representing its interests to the UK and Europe, which will continue to be major partners for Jersey, and this should all give confidence to investors."
The Government of Jersey has also released a statement on the EU referendum.