Elemental Passions

This book provides an analyzed record of developments in the offshore finance centres of Jersey, Guernsey and the Isle of Man since the suspension of exchange controls in October 1979. This period coincides with that of financial deregulation, so that considerable changes have occurred since Tony Johns' "Tax Havens and Offshore Finance" was published by Pinter in 1982. The suspension of exchange control and deregulation have meant that these offshore financial centres have been freed from direct Bank of England supervisory monitoring. Thus they have had to respond individually to the greater local freedoms that result, as well as to the onshore globalization of financial service activities.