Michael Blair QC is president of the Guernsey Financial Services Commission's panel of senior decision makers, which was introduced by the commission in 2014 as a move to improve governance and independence of its enforcement process.
'I think the system is unique,' said Mr Blair.
'I think it's a very useful thing for Guernsey to be able to have – an independent, high-quality, diverse body of people relieving the commission of the burden of taking difficult decisions themselves and providing high- quality judicial determination on a quasi-judicial basis, and I am satisfied that it is working well.'
Mr Blair described his role with the commission's panel as that of a 'non-playing captain', in that he would make a recommendation as to which member of the QC panel should hear a particular case, but does not hear cases himself.