Future trends in offshore banking

The future of offshore banking could take many forms. However, what can be said with confidence is that before this new century gets much older, we will see the creation of a greatly different financial services industry to the one we have today, both in the composition of the institutions themselves and in the way they do business. The recent flurry of mergers in Europe and the UK are indicative of a wider trend that will see banks, trust companies, accountants and lawyers, both offshore and onshore, become much larger institutions. This can be attributed to the drive for increased shareh...