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Guernsey Finance’s annual industry update is getting a fresh look this year with a debate on risk appetite taking centre stage.
The international promotional agency for the Island’s finance industry will still provide local industry with an overview of current activity, but this year’s event will also include two panel sessions featuring industry, government and regulatory representatives who will debate the level of risk appetite the Island is prepared to accept to win new business.
The event, titled ‘Risk v Reward – a growth strategy’, is taking place on Tuesday 9 September from 3pm at St James and the debate will be moderated by Richard Digard, former Editor of the Guernsey Press. Panellists include Deputy Kevin Stewart, the Commerce and Employment Minister and Cees Schrauwers, Chairman of the Commissioners of the Guernsey Financial Services Commission (GFSC).
Fiona Le Poidevin, Chief Executive of Guernsey Finance, said: “When we are promoting Guernsey around the world as an international finance centre we are always trying to find ways to differentiate ourselves from the competition. To do this we need to stay ahead of the game on innovation and technology, be responsive to external threats, explore new markets and invest in our key industries, both at government and business level. However, there are associated risks with this approach. Therefore, Guernsey Finance is bringing together various local stakeholders to debate the balance between risk and reward in the current environment and how this sits within the various strategies for Guernsey as an international finance centre.”
The event will open with an introduction from Jim Gilligan, Chairman of Guernsey Finance. He will then be followed by Miss Le Poidevin who will provide a Guernsey Finance activity update before Mr Digard moderates the two panel sessions.
The first panel session will look at risk and the future of the finance industry, determining the key requirements for the sector to prosper going forward, with panellists including Nick Vermeulen from PwC, Mark Huntley from Heritage, Chris Le Conte from Robus, Andreas Tautscher from Deutsche Bank and Paul Hodgson from Butterfield Trust.
The second panel will then respond to the first by discussing how well aligned government, regulatory and other key stakeholder strategies with industry’s aims. Panellists will be Deputy Stewart, Mr Schrauwers, Peter Mills, Chairman of the Guernsey International Business Association (GIBA) and Jon Moulton, Chairman of Aurigny.
