companies attracted to island because regulation not as onerous as UK Guernsey benefits from increase in EU directives

By joanne frearson Guernsey is gaining offshore business as a result of increased EU regulation, according to speakers at the Guernsey Funds Conference 2006, debating the need for an offshore industry. Angela Knight, chief executive of the Association of Private Client Investment Managers (Apcims) said the impact of EU regulation has caused there to be a greater awareness of offshore centres. She said: "Investors may wish to use places such as Guernsey because it falls outside the scope of EU regulation. The increase in financial regulation directives across Europe such as the Markets i...