The Guernsey Financial Services Commission published a speech by Director General William Mason outlining a pragmatic, pro-growth regulatory approach for digital and sustainable finance that places economic prosperity and financial stability ahead of a strict precautionary stance. The speech also trailed near-term policy work, including a December consultation on changes to support tokenisation, stablecoins and digital asset custody. On sustainable finance, the Commission signalled no plans to impose mandatory International Sustainability Standards Board or International Financial Reporting Standards sustainability disclosure standards in the foreseeable future. It plans to issue a Guidance Note on anti-greenwashing in December, positioning existing licensing criteria as already prohibiting greenwashing, and is proposing to broaden the Finance Sector Code of Corporate Governance so boards consider environmental matters holistically rather than focusing narrowly on net zero. On digital finance, the speech encouraged wider adoption of artificial intelligence across financial sectors, and announced the rebranding of the innovation “soundbox” into a fully fledged sandbox supported by an enhanced concierge service for firms developing innovative products and services.

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