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Islands stage inaugural regulatory summit

Representatives from the Isle of Man, Jersey and Guernsey have been meeting to discuss financial regulation.

Regulators met at Gatwick to discuss matters of mutual interest at the first ever Crown Dependencies' Regulatory Summit.

The three delegations, from the Guernsey Financial Services Commission, the Jersey Financial Services Commission, the Isle of Man Financial Supervision Commission and the Isle of Man Insurance and Pensions Authority, discussed international developments, with recent IMF assessments and recommendations among the issues down for debate.

A number of areas were identified where it was agreed to investigate a tripartite approach.

The Isle of Man Financial Supervision Commission will organise next year's summit.

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