IMF review could open Jersey to new markets

Speaking at the 6th Annual Jersey Finance Conference, John Harris, director general of the Jersey Financial Services Commission (JFSC), believes the IMF could help change the attitudes of the EU towards Jersey and other offshore jurisdictions, opening it up to new markets. He says the EU is finally thinking about creating a ‘white list’ of non-EU countries which are financial centres, and warns the inclusion of a location on this white list will probably be down to the IMF review. Harris says: “At the moment there’s a little bit of a double standard as it’s only if you’re in the club of...