His Excellency the Governor Peter Beckingham presented a Review of the Financial Services Commission to its Chairman, Sir Eroll Allen, and Director Kevin Higgins on 10 February.
The Review was commissioned by the Governor’s Office and conducted by Steve Johnson, a former Treasury official and adviser to Overseas Territories.
Commenting on the Review the Governor said: “I am grateful to Mr Johnson for conducting a thorough and wide-ranging examination, consulting both the FSC, business and government. I am pleased he has found the FSC fit for purpose, and in better shape than it used to be.” He continued: “But he also highlights areas where more work needs to be done, and change made, notably in the FSC’s governance and management practices.
There are some other important areas for the Board to examine, including resources and consultation with business and government. I look forward to discussing with the Board all the recommendations, and agreeing how they might be implemented.”
