Island 'has important role to play'

And, as a result, Jersey Finance chief executive Geoff Cook said that he had great confidence in Jersey’s future.

Mr Cook, who was speaking at an event at the Law Society Common Room, said that reputable international finance centres would play a vital part in helping to resolve the world’s financial crisis.

He also rejected assertions that well regulated finance centres had contributed to causing the crisis in the first place.

Mr Cook was speaking at one of a series of breakfast seminar organised by Key Trust Company to update UK lawyers on changes to legislation in the Island.