Jurisdictions Must Evolve to Meet the Needs of the Managers and Investors who Place Their Trust in Them
Jersey Finance discuss how virtual assets are gaining traction and the importance of robust regulatory frameworks
An article featuring Head of Funds, Elliot Refson, and Philip Pirecki, Americas Lead at Jersey Finance, was published recently by Global Custodian. Elliot and Philip were interviewed by journalist Chris Lemmon about the importance of innovation within an international finance centre, and how this is vital for remaining relevant to end clients.
In the discussion, they highlighted how Jersey is continually evolving its product offering and, with the clear benefits of substance, how Jersey provides a real depth of choice and service. The future of the alternatives world was also a topic that was explored in depth. Elliot and Philip discussed how virtual assets are gaining traction in Jersey, with organisations looking to grow their digital offerings. The incentives and benefits were considered, as well as the technologies involved, the importance of pragmatic problem solving to move forward, and how robust regulatory frameworks are crucial.
The interview is available online to Global Custodian subscribers: Jurisdictions Must Evolve or Die says Jersey Finance as Island Vies for Lead Role in Tokenisation. Global Custodian is an international securities services publication, founded in 1989, with a circulation of 15,000 investment professionals around the world. It reaches decision-makers in the custody, fund administration, central securities depositary, hedge fund, prime brokerage, repo, securities lending, securities financing and collateral management industries.
The interview coincides with the publication of a new report by IFI Global ‘The Evolution of Virtual Assets and Jersey’s Growing Role‘. This includes important contributions from the Government of Jersey and the Jersey Financial Services Commission, and provides insights from investors, fund managers, virtual asset service providers and fund directors, plus examples of business in Jersey.
