A willingness to adapt and innovate has been central to ongoing bank industry success

27 January 2015

Contact: Andreas.Tautscher
Source: Deutsche Bank article
Location: Jersey

The banking industry in Jersey has evolved and is a radically different proposition from the model that operated when Jersey was first established as an International Finance Centre.

To continue to prosper in the twenty first century, banks in Jersey have needed to innovate, to acquire more specialist skills, to be willing to sometimes work more closely with competitors and to invest resources into the increasing regulatory and compliance requirements associated with international financial services, a trend exacerbated by the global financial crisis a few years ago.

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