Our finance obsession 'harms Island'

Richard Syvret – who was a founding director of the Jersey Financial Services Commission, the sector regulator, and its first director general – said that the obsession was harming the Island and causing injustice.

He made the comments this week as the national media spotlight continued to focus on offshore jurisdictions and tax avoidance.

They also come after a number of potentially embarrassing stories featuring Jersey. The most recent was published by the Daily Telegraph and reported allegations that HSBC had opened offshore accounts in Jersey for serious criminals.