The article discusses Gibraltar’s position in the face of the global economic slowdown. Then the CEO of the Financial Services Commission, Marcus Killick suggests that Gibraltar can minimise the impacts of the economic downturn through innovation and responsiveness. He highlights the importance of competing effectively and adapting swiftly to changing circumstances.
The article highlights initiatives to expand the types of funds offered, establish Gibraltar as a place for Islamic products and services, and create a stock exchange. Killick also warns against unethical practices such as selling unsuitable financial products and increased fraud during economic challenges. He stresses the need for transparency and proactive measures to mitigate the impact of the economic downturn and maintain Gibraltar’s financial reputation.
Read the article: Crisis can bring opportunities
(Article first published in Gibraltar International, 2008.)
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