Preparing for a legislative onslaught

With onshore jurisdictions seeking to tighten financial services regulation, jurisdictions like the BVI are worried about the impact new rules could have on them. BVI financial secretary Neil Smith discusses the options open for the territory in meeting the challenges.


The British Virgin Islands (BVI), with a population of under 25,000, relies heavily on financial services and tourism to fuel its economy. Both sectors are exposed to a prolonged global recession. Any measures that artificially restrict the flow of financial business to the BVI could be a severe blow to its economy.

BVI financial secretary Neil Smith is keeping a cool head as he ponders the government’s response to the global financial crisis. “The economy is already shrinking. What is not clear

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here