This year’s Guernsey Finance Industry Update will give attendees the opportunity to see how the promotional agency for the finance sector represents industry – and works together as a team. Titled ‘Facilitation and Collaboration’ the update will cover a range of topics on its operations, both internally and externally. It will also feature updates by the heads of Guernsey’s industry representative bodies – Guernsey Investment & Funds Association, Guernsey Association of Trustees, Guernsey International Insurance Association and Guernsey Association of Pension Providers.
The innovative spirit and effectiveness of Guernsey’s financial services regulator, the Guernsey Financial Services Commission (GFSC) has again been recognised, with the reaffirmation of its membership of the Global Financial Innovation Network’s (GFIN)’s main Coordination Group. Confirmation of the reappointment came after a review of the membership of the Coordination Group by the Financial Conduct Authority (FCA) as current Chair and following approval from all network members. GFIN’s membership has grown rapidly from 12 to 60 since it was launched in 2019, with the GFSC a founding member.
Biodiversity, energy transition, and carbon pricing and markets are the three key priorities for Guernsey Finance and Guernsey’s sustainable finance industry according to the Guernsey Green Finance Strategy Report, released today. The strategy sets out measures and themes with a view to Guernsey maintaining its position as a leading sustainable finance centre, informed by extensive research and stakeholder engagement. WE ARE GUERNSEY Head of Sustainable Finance Stephanie Glover said: “Guernsey is at the forefront of green and sustainable finance and has earned its place on the global stage as a credible, trustworthy and influential voice.
The net asset value (NAV) of Guernsey funds has surpassed £300 billion for the first time. According to the latest figures from the Guernsey Financial Services Commission (GFSC), the island’s regulator, the NAV for funds domiciled in Guernsey stood at £303.6 billion at the end of December 2021, a £58.
Deputy Lyndon Trott has been reappointed as Chair to the Guernsey Finance Board of Directors. Deputy Trott, who has previously served in the States of Guernsey as both Treasury Minister and Chief Minister, originally joined the board of Guernsey Finance in 2014 and was appointed Chair two years later. Since his appointment he has completed two consecutive three-year terms, with this current term due to end in 2025.