Response From Bvi Finance On The Uk Government's Decision Not To Impose Direct Rule
PR96423
TORTOLA, British Virgin Islands, June 8, 2022 /PRNewswire=KYODO JBN/ --
BVI Finance welcomes today's announcement from the UK Government that it will
work in collaboration and partnership with the newly-formed British Virgin
Islands (BVI) Government of National Unity to implement reforms as recommended
by the Commission of Inquiry (COI) Report, without direct rule from London.
Today's announcement provides certainty and stability for the Territory's
financial services industry, which is operationally independent, meets the
highest international regulatory standards, and continues to offer quality
products and services around the globe.
Speaking at the press conference, the BVI Governor H.E John Rankin stated
clearly that the COI was not an investigation into the BVI's financial services
sector, which he reaffirmed "continues to comply with the best international
standards."
The BVI's financial services industry has demonstrated strong growth in recent
years despite the challenges of the global pandemic. As such, we are confident
in the continued success and growth of the BVI as a leading global financial
centre, with an established international talent pool, robust regulatory
bodies, and unrivalled products and services.
Source: BVI Finance
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