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Guernsey offers big lessons for City's post-Brexit regulation

The small island’s regulatory system has been held up as a potential model for the UK after it leaves the EU – but FN visited and found it isn’t all plain sailing

By

Samuel Agini

Lyndon Trott, Guernsey Finance chair believes that the island is the right haven for the financial community
Lyndon Trott, Guernsey Finance chair believes that the island is the right haven for the financial community Photo: Photo: Tom Tardif

The City of London does not need to look far for an idea of how its regulatory regime might evolve as a result of Brexit.

Lying 70 miles off England's south coast is the island of Guernsey. It has a population of around 63,000, a thriving financial community and is home to prominent financiers, including private equity titans Jon Moulton and Guy Hands.

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