News

Guernsey Finance’s Head of Strategy and Sustainable Finance, Stephanie Glover, and Director General William Mason of the Guernsey Financial Services Commission, attended COP15 – the UN Biodiversity Conference – in Montreal earlier this month. COP15 saw governments from around the world coming together to try to agree on a new set of goals to halt and reverse nature loss. This event comes shortly after the launch of Guernsey’s Natural Capital Fund framework, as part of its growing Sustainable Funds Regime.

Guernsey Finance’s Head of Strategy and Sustainable Finance, Stephanie Glover, and Director General William Mason of the Guernsey Financial Services Commission, attended COP15 – the UN Biodiversity Conference – in Montreal earlier this month. COP15 saw governments from around the world coming together to try to agree on a new set of goals to halt and reverse nature loss. This event comes shortly after the launch of Guernsey’s Natural Capital Fund framework, as part of its growing Sustainable Funds Regime.

Investment fund statistics for the third quarter of 2022 have been published by the Guernsey Financial Services Commission.

Guernsey Finance has appointed two new members to its Board of Directors, as representatives of the Guernsey International Business Association. Kate Storey is a Guernsey Advocate with over 22 years of experience as a commercial lawyer. She has spent the last 16 years in Guernsey practising financial services law, specialising in investment funds and financial transactions.

The Organisation for Economic Cooperation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes ("the OECD's Global Forum") has assessed Guernsey’s implementation of the standard for the automatic exchange of financial account Information (more frequently known as the Common Reporting Standard (CRS). According to the report published in November, the overall determination is that the island’s legal framework is ‘in place’ to meet the required standard. The island’s overall rating concerning the initial assessment of effectiveness in practice is ‘on track’ – the highest possible rating.