Keep an eye on the ball

The words 'offshore banking' have been the centre of a debate that has lasted several decades as politicians and government officials around the world struggle with the concept and reasons why individuals use financial services based outside of their own country of residence. In fact there are many reasons, but one that quite clearly stands out is service levels. Institutions based in the offshore financial centres (which are mostly smaller in size than their onshore counterparts), are seeing big benefits as larger institutions onshore 'drop the ball' with regard to client service, moving...