Finance ramps up campaign to silence international critics

JERSEY'S finance industry is gearing up to combat its detractors this year with more time, money and effort to be devoted toward fighting unfair criticism.

Jersey Finance Chief executive Geoff Cook speaking at the event at the Radisson Blu Hotel
Jersey Finance Chief executive Geoff Cook speaking at the event at the Radisson Blu Hotel

JERSEY'S finance industry is gearing up to combat its detractors this year with more time, money and effort to be devoted toward fighting unfair criticism.

The body responsible for promoting the Island's premier industry, Jersey Finance, has put the protection of Jersey's reputation at the top of the agenda for 2013 and beyond.

The body has been given an extra £5 million of taxpayers' money to be used for a variety of purposes and changing perceptions overseas of what the Island does is among the objectives.

Chief executive Geoff Cook told an audience of over 200 at the Radisson Blu Waterfront Hotel that advancing Jersey's reputation would be a key strategic aim in 2013.

Comments for: "Finance ramps up campaign to silence international critics"

Mogit

You've just been handed loadsamoney! on a plate that changes MY perception of the finance industry !!!

Pip Clement

“Never pick a fight with a man who buys ink by the barrel and paper by the ton.”

Five million is fly spit.

If the big banks in Jersey wanted to save the industry they would be digging deep in their own pockets.

As it is they are quietly loading the costs on the taxpayer, continuing to enjoy their reduced but still adequate profits and when it goes tits up they will leave.

jerseydaz

Premier industry? More like the only industry certain States members are interested in. All the other industries in Jersey have been neglected in favour of the all powerful finance with their shiny glass buildings. It seems now that things aren't so rosy. Why are we stumping up £5 million because people elsewhere are saying horrid things?Surely this well regulated and above board "industry" which generates so much money can afford to fight it's own battles? Or is it that, as several of my colleagues tell me( who happen to work in the regulatory and support side of finance) things don't appear to be going so well for good 'ole Jersey in the wider World.When will certain States members realise they are bit part players from a small Island the size of Town in the U.K.

James Wiley

This should read, we are going to spend a fortune making sure everyone knows what we are up to so they can take additional steps to stop us.

Ozouf loves to shout loudly and draw attention to all out little advantages and then other countries simply take steps to shut us down.

When you go to see the tax man, you dress in rags.

We should be telling everyone else how badly we are doing... honesty is the best policy.

Proud Jerseyman

Hear hear Mr Cook!

One only wonders why only £5 million have been set aside for such a noble and worthwhile cause.

Indeed, one humbly suggests that Mr Cook and his colleagues use this campaign to celebrate the ongoing prosperity of the finance industry in such a harsh economic climate, and to invite the rest of us to draw inspiration from the exploits of these latter day alchemists.

Proud Jerseyman