Potential candidates for Guernsey’s upcoming election are being offered an opportunity to deepen their understanding of the island's pivotal financial sector. The leadership in finance has organized a special event aimed at educating prospective deputies on the intricacies and significance of Guernsey’s role in global finance. This initiative underscores the importance of financial knowledge for effective governance.
The educational session, scheduled for March 4th at the headquarters of the Guernsey Financial Services Commission (GFSC) in St Peter Port, will explore how the finance industry drives the island's economy. William Mason, the director general of GFSC, highlighted that the finance sector is central to Guernsey’s economic landscape, providing essential tax revenue that supports numerous public services. Attendees will gain insights into the collaborative efforts between the private sector, Guernsey Finance, and the Commission, all working together to maintain a robust and supportive business environment.
By fostering a deeper understanding of the financial ecosystem, this event aims to prepare future leaders to make informed decisions that promote long-term prosperity. Paul Sykes, chair of the Guernsey International Business Association (GIBA), emphasized the value of such sessions in highlighting the complexities of the industry and the cooperative spirit that keeps it competitive. Engaging with these topics will equip aspiring deputies with the tools they need to contribute positively to Guernsey’s ongoing success.