Giba says Scrutiny's review should focus on its structure

A SCRUTINY review of the States’ relationship with the financial services regulator is not addressing the key issue, according to the primary industry body.

A SCRUTINY review of the States’ relationship with the financial services regulator is not addressing the key issue, according to the primary industry body.

Dominic Wheatley, pictured, chairman of the Guernsey International Business Association, said that there were other more critical issues to tackle in the link between government, regulator and industry.

‘The review that Scrutiny have come up with isn’t where the issue is – it’s with the structure of the commission itself,’ he said.

‘The relationship between the three parties should be better, but governance only becomes an issue when you have got one party out of alignment.

‘It doesn’t matter why – but when it happens, other stakeholders start asking questions.’

Comments for: "Giba says Scrutiny's review should focus on its structure"

Fred

Mr Wheatley seems to take considerable pleasure in criticising the GFSC.

This is the second article in two days and the only time I read about the GIBA Chairman all he can do is run down the regulator. He had several articles lastyear and took every possible opportunity to criticise the GFSC.

Is there an underlying issue here that he should make public?

I must say I am surprised at these continual acidic attacks. Surely as GIBA Chairman he should be working with Government and the GFSC and trying to find a pathway forward rather than just being critical all the time.

I personally will now stop reading articles which are headlined with Mr Wheatleys picture and they having nothing positive to say about anything.