Robert Mathavious, Managing Director / CEO of the BVI Financial Services Commission has released a paper of his recent address entitled "Putting Fresh Wind in Our Sails".

He focusses his address on the outlook for the BVI’s local financial services industry and points out that "The global crisis that besets us still should not be seen as just a temporary blip in world affairs. It must be seen as what it is, a transformational and paradigm‐shifting event."

However he goes on to comment that " I am confident that if we make the right choices now, an exciting future lies ahead of us. We will be well positioned to capture the new streams of business opportunities that will emerge. I firmly believe the best solution to our territory’s challenges will come from within by all of us pulling together for a common goal. We must just have the courage to do what is right not what is expected, even if this means doing what is hard."

And he also states that "The European Union’s growing presence in the regulatory arena requires active monitoring". An interesting read for all of us who are in or surround the industry. Please click here to read the address in full as a pdf document.