“The conference is mainly targeting regulators such as officers from the BVI Financial Services Commission and their regional and international counterparts,” she said.

 “As a mature financial services jurisdiction, it is very important for the BVI to host this conference and continue the dialogue about the importance of the financial services, transparency and sound regulations,” the Director said.

At the end of the day, she noted, the Territory will be judged in accordance with the level of its regulations.

“We are very proud of our regulatory environment and welcome the opportunity to share our experiences with colleagues in other Territories while at the same time engaging the main international regulatory organisations about those regulations and how they could be further enhanced,” the Director told the Department of Information and Public Relations.

Among other things, Mrs. Smith said that the conference will enhance the Territory’s reputation. “We hope that the persons attending the conference, especially those from the International Monetary Fund (IMF) and representatives from other international organisations, would spread the good word that the BVI is a mature jurisdiction with sound regulations,” she said.

Territories to be represented include the Mayotte, Netherland Antilles, Greenland, Isle of Man, Bermuda, Turks and Caicos Islands, the Cayman Islands, Anguilla, Aruba, French Polynesia, and Saint Pierre and Miquelon.

The IAS is coordinating arrangements for the Territory’s hosting of next week’s major international financial services conference that will be held at the Long Bay Beach Resort conference room.