Insight into the worldwide banking industry
The banking sector is core to international financial centres. This section of the website provides cutting edge analysis of key developments in the international banking industry. This section examines the latest regulatory, product and service initiatives from all international financial centres which operate banking sectors.
The articles are written by leading experts in the centres and from the banking sectors. It provides exceptional insight into the major trends in banking and comparative analysis of banking regimes worldwide.
CLICK on the links below to read the insight of leading practitioners and industry analysts.
Geoff Cook, CEO of Jersey Finance, argues that offshore banking is strong. Offshore banking has been and will remain at the cornerstone of the offshore finance industry and in the months ahead, the stability provided by the leading jurisdictions in the offshore environment will be the most important feature. International investors share the same concerns as resident savers who have watched the dramatic events that have hit the global banking community unfold across the world.
Colin Powell, chairman of the Offshore Group of Banking Supervisors, examines what lies ahead for regulation in the offshore banking sector. The emphasis has shifted to whether or not a jurisdiction is complying with the international standards, particularly those relating to transparency and information exchange. This has been reflected in the decision of the IMF in May 2008 to integrate their OFC assessment programme into their global financial sector assessment programme.