Jersey is taking part in the International Festival of Business 2014 in Liverpool this week with two representatives speaking in the fifth International Banking and Finance Forum.
The Forum, on 2 July, aims to explore the role of financial services in supporting economic growth and encouraging greater focus on best practice in banking and finance. It will also examine and reinforce the role of the financial services sector as a key driver of global economic growth.
During one of the conference sessions entitled 'the future of financial services and the way forward', Joe Moynihan, Director, Financial Services at the States of Jersey, will deliver a keynote address and Richard Corrigan, Deputy CEO, Jersey Finance, will take part in the panel session that follows. They will be on the platform on a day that will also see contributions from a host of senior business figures including Simon Walker, Director General of the Institute of Directors, Doug Barrow, Deputy Chair of Policy, City of London and Jonathan Taylor, Vice President of the European Investment Bank.
Jersey Finance, which is a premium sponsor, will be exhibiting at the festival to highlight how Jersey's finance industry and its close relationship with the City of London has been shown to support the UK economy, and to provide a picture of how International Finance Centres (IFCs) such as Jersey make a positive contribution in the free flow of funds across the world within a well regulated environment, highlighting evidence produced in the recently completed Moving Money academic research paper by two American professors.
The conference is part of a wider series of world class events taking place in Liverpool throughout June and July, attracting over 250,000 business delegates from around the world including government representatives, policy makers and leading finance industry figures from the UK and abroad.
Richard Corrigan commented:
"The event serves as a fine platform for us to promote our banking proposition and to contribute to the debate about the positive role played by leading IFCs such as Jersey. We can point to the research completed by Capital Economics last year which for the first time provided the evidence of Jersey's contribution to the UK economy and its role in facilitating inward investment into the UK, findings which have helped transform how Jersey's finance industry is viewed in UK government circles. With calls for greater transparency and moves for more regulation and enhanced supervision of financial services, we can also highlight how Jersey has responded in being an early adopter of global standards, while remaining a jurisdiction of choice for international investors."
The fifth International Banking and Finance Forum is staged at the Hilton Hotel in Liverpool and organised by the International Business and Diplomatic Exchange, a non-profit organisation which aims to provide leadership in promoting international trade and investment flows, while also restoring trust and confidence in global financial services.
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