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Boris Johnson’s “Rock like” support
British Prime Minister, Boris Johnson assured guests at the Conservative Party Conference in September, that the UK supports Gibraltar and would protect the overseas territory in any withdrawal agreement reached with the EU.
Mr Johnson told the audience: “It is the Rock of the British Government which will never, never, never allow the Sovereignty of Gibraltar to be diluted, or adulterated, or in any way changed”.
“Gibraltar is absolutely vital for the Andalusian economy and indeed for the whole Spanish economy, and we think that our Spanish friends and partners understand that”, he declared.
“Whatever happens, we will ensure that the parts of the withdrawal agreement that relate to the future of Gibraltar will be preserved, and the sovereignty and integrity of Gibraltar will be guaranteed by this government.” he said.
New CEO at the GFSC
Kerry Blight took up his role as the new Chief Executive Officer, at the Gibraltar Financial Services Commission (GFSC) in
October. Mr Blight previously
served as the Regional Director of Royal Bank of Scotland International / NatWest and subsequently the CEO at Credit Suisse. He is also the former
chairman of the Finance Centre Council and a highly regarded professional in the
financial services community. His appointment was
welcomed by the Gibraltar Chamber of Commerce, who are optimistic that with his knowledge of the local and international financial services industry, and a reputation for being fair and reasonable, that he will thrive in the position.
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Gibraltar Day London 2019
As part of the Gibraltar governments Think Gibraltar campaign (thinkgibraltar.gi), from the 5th to the 7th November, five financial services events will be held in London.
Tuesday 5th November, Financial Services Lunch, will be held, as is customary in the Old Library, The Guildhall.
Wednesday 6th November, Funds & Asset Managers Breakfast, the seminar will be held in the Nash Room, Institute of Directors.
Wednesday 6th November, Private Clients and Family Offices Seminar, will be held in the Nash Room, Institute of Directors.
Thursday 7th November, Insurance Breakfast, the seminar will be held at The Gherkin, Level 40.
Thursday 7th November, Distributed Ledger Technology (DLT) Reception, the event which includes an expert panel session, will be held at Level 39, The Sandbox Room, One Canada Square, Canary Wharf.
Continued market access for Gibraltar in Queen’s Speech
The inclusion of a new UK Financial Services Bill (the Bill), as one of 26 legislation listed in Her Majesty The Queen’s Speech in October was welcomed by the Gibraltar government and local financial businesses.
The explanatory notes accompanying the speech provide that the Bill will ensure that the United Kingdom (UK) maintains its
world-leading regulatory standards and remains open to international markets after we leave the European Union. It further provides that one of the main elements of the Bill is to deliver on the British government’s commitment for long-term market access to the UK for financial services firms in Gibraltar, as part of the UK family.
The Bill guarantees continued market access on a bilaterally agreed basis between Gibraltar and the UK in a way that will not restrict Gibraltar’s regulatory autonomy in financial services.