Regulator ready for scrutiny

British Virgin Islands: Sailing through turbulent waters: May 2009

bvi-2009-cover

The British Virgin Islands (BVI) takes the regulation of its financial services sector seriously. The Financial Services Commission (FSC), an autonomous regulatory authority established in 2001, is responsible for the regulation and supervision of financial services activity in the jurisdiction.

Brodrick Penn, director of the investment business division at the FSC, has been closely monitoring the international debate on financial regulation. He says the BVI welcomes changes to international regu