November 04, 2009

During March 2009 Lord Hunt was commissioned by C&E to conduct a strategic review of Guernsey’s banking industry to help develop a sustainable strategy for the future of the sector. It was in response to the global economic situation and its affect on Guernsey and specifically the banking sector.

During investigations and interviews undertaken by the team Lord Hunt had previously stated the he has found much to encourage him in thinking that Guernsey could expect a major contribution to its economy from banking for years to come. On publication of the report this view was reiterated by Lord Hunt who said “the banking sector has made a significant net contribution to the economy of Guernsey.