A NEW working group of politicians, regulators and practitioners is to assess the detailed findings of a comprehensive report on the future of Jersey’s finance industry.
The Jersey Finance Strategy Project Future of Finance 2015 was carried out over six months by three MBA students from London Business School who quizzed industry representatives not only from Jersey, but also competitor jurisdictions. They also carried out desk-top analysis and on-line questioning.
Key themes included how the Island is perceived in terms of its strategy, regulation, workforce, commitment to the industry and transparency, as well as key products and communications strategy.
Overall, they conclude that the Island has a strong reputational image, particularly in terms of transparency, stability and access to the authorities.
But they also said that Jersey failed to send out a clear message about strategy and was perceived to have a lower commitment to financial services than competitors such as Singapore. Practitioners from overseas also see the Island as lacking a workforce with international expertise, in comparision to Dublin or Luxembourg.
*Picture: Representatives of the London Business School present their report.
Article posted on 16th May, 2008 - 3.00pm
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