Crown Dependencies could benefit as G20 cracks down on rivals

Gordon Brown has joined other European leaders in backing a crackdown against 'uncooperative' international financial centres, including offshore jurisdictions. "We want the whole of the world to take action. That will mean action against regulatory and tax havens in parts of the world which have escaped the regulatory attention they need," says Brown. However, John Clacy, audit partner at Deloitte Guernsey, believes Guernsey with its revamped fund regime "will come out well". Guernsey set out its improved fund regime last December which categorises open and closed ended funds as eith...