Cross-border regulatory co-operation must be strengthened in future or jurisdictions will be forced to adopt protectionist policies, warns Guernsey's chief minister.
Speaking at the City of London Corporation Finance Committee Dinner, Lyndon Trott says cross-border regulatory co-operation will be more important in the future than ever before. Addressing members of the Common Council of the City of London Corporation as well as players from governance, finance, law and commerce, Trott says: "Without such co-operation, both in normal times and at times of crisis, it becomes virtually impossible to protect investments such as banking depositors with an institution in one jurisdiction if that institution has operations in other jurisdictions where activit...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes