Guernsey’s Committee for Economic Development, the Guernsey Financial Services Commission (GFSC), Guernsey Finance and the Guernsey International Business Association (GIBA) have jointly commissioned a Finance Sector Policy Framework to identify opportunities for the island’s finance sector to grow, diversify and become more competitive over the next 5–10 years, and to agree and prioritise the joint steps needed to capitalise on those opportunities. Oliver Wyman was selected as preferred bidder following a competitive tender involving on-island and off-island experts. The Framework will cover how industry competition is expected to evolve and how Guernsey can position itself, the identification of emerging sectors and a long-term growth strategy, strengthening regulatory, legal and operational frameworks to support innovation, initiatives to address skills gaps through talent attraction, retention and upskilling, and marketing and innovation strategies to enhance Guernsey’s global standing. The release also notes the finance sector’s economic footprint (37% of GDP in 2023, rising to 44% including professional services) and cites increased focus on fintech, digital assets and sustainable finance. Work is scheduled to begin in September 2025 and conclude during Q1 2026. The cost will be jointly funded by the Committee for Economic Development, the GFSC and Guernsey Finance.
Ministry of Finance (Guernsey) 2025-09-19
Guernsey's Committee for Economic Development and partners commission Oliver Wyman to develop a 5–10 year finance sector policy framework
Guernsey’s Committee for Economic Development, the Guernsey Financial Services Commission, Guernsey Finance, and the Guernsey International Business Association have commissioned a Finance Sector Policy Framework to enhance the island's finance sector over the next 5–10 years. Oliver Wyman will develop the framework, focusing on industry competition, emerging sectors, regulatory support for innovation, and strategies for talent and global positioning. Jointly funded by key stakeholders, the initiative will address fintech, digital assets, and sustainable finance, with work commencing in September 2025.