A review of Gibraltar’s Financial Services Commission (FSC) and its then-Commissioner Marcus Killick by a panel appointed by Governor Sir Francis Richards. The Gibraltar FSC review commends the FSC’s commitment to international standards and the good standard of financial services regulation in Gibraltar. However, it also makes recommendations that could significantly change the FSC’s operations, potentially leading to legislative changes, which might face resistance from the government. The review suggests shifting powers from the Commissioner to the Commission, adopting a new budgetary model for financial independence, and implementing more transparent accountability arrangements. The article highlights the potential impact of these recommendations on Gibraltar’s financial sector and government relations.
Read the article: Top Marks for Gibraltar’s FSC
(Article first published in The Gibraltar Magazine, 2005.)
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