Guernsey has rejected suggestions the island could require a ‘bail out' from the UK taxpayer.
Calls in Michael Foot's interim review for a probe into offshore jurisdictions' compensation schemes have been backed by an action group, which argues current 'safety nets' are inadequate.
The Isle of Man government has labelled Michael Foot's interim review of British offshore financial centres as "wholly appropriate".
Offshore financial centres must "respond positively" to the joint demands of the G20 countries in order to stay competitive, according to the interim Foot Review.
Michael Foot says tax transparency, liability and financial supervision will be the central themes of his review of British offshore financial centres.
Michael Foot says tax transparency, liability and financial supervision will be the central themes of his review of British offshore financial centres.