Time to discover the third man

Article Abstract:

The Isle of Man is an offshore center for UK investors which also depends on the tourist industry. Finance accounts for 35% of the revenue of the Isle of Man according to official data, though unofficial estimates are for as much as 70%. The collapse of the Savings and Investments Bank in 1982 caused embarrassment and this is one reason for the low profiel given to financial services. The islands Commercial relations Department is seeking to remedy this by raising awareness through supplying speakers at international conferences.

Isle of Man

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Guernsey: treasure island

Article Abstract:

Guernsey is an island in the English Channel, and handles its own internal affairs, despite having alleagiance to the UK Crown. Guernsey is not a member of the European Union (EU) so is unaffected by EU directives. Over half the island's gross domestic product (GDP) comes from the financial services industry. The UK government may require Guernsey to update some of its regulations relating to financial services, in order for products from Guernsey to continue to be sold in the UK.

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Training is the key to restricting growth

Article Abstract:

Guernsey has seen an increase in its financial services business, and management training is needed due to immigration controls. Population growth is restricted in order to preserve the environment. Re-engineering has removed some labor-intensive processes, and training has helped reduce the number of workers' licenses needed. The Guernsey Financial Services Commission has appointed Dick Taylor as adviser on the subject of training.

Training

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