Michael Foot will lead the independent review of British offshore financial centres, announced in the Pre-Budget report.
He is currently chairman of the UK office of Promontory Financial Group. The review will focus on the immediate and long-term challenges facing British offshore financial centres in the current economic climate, including: Financial supervision and transparency Taxation in relation to financial stability, sustainability and future competitiveness Financial crisis management and resolution agreements International cooperation The Government has previously stressed the constitutional arrangements in place across these territories will continue to be respected, including the isla...
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