News & Insights Archives - Consult GC Guernsey

07 May What public statements really tell us about individual accountability in GFSC enforcement

Posted at 08:18h in News & Insights

Insight, but not the whole picture Public statements can be very useful on individual accountability. They can also be easy to over-read. That is because they are one of the few public sources that show how a regulator attributes responsibility in practice. They show what the regulator...

17 Mar When familiar failings become major enforcement cases

Posted at 12:10h in News & Insights

What Guernsey firms should learn from recent GFSC outcomes In an earlier article, I explored how an enforcement action is rarely a cliff-edge event. More often, it is the endpoint of a supervisory story that has gone off-course: control failure, credibility failure and tempo failure combine...

28 Jan Staying out of GFSC Enforcement

Posted at 12:53h in News & Insights

How escalation happens — and how to prevent it Enforcement is rarely a cliff-edge moment for a licensed firm. More often, it’s the predictable end of a supervisory story that’s gone off-course. In Guernsey, the Guernsey Financial Services Commission (“GFSC”) engages, probes, visits, tests—and expects remediation. Supervision...

28 Nov Organisational Culture: A Strategic Imperative and Regulatory Touchstone

Posted at 11:55h in News & Insights

Culture as Strategic Asset – or Regulatory Risk Organisational culture is often the elephant in the room: felt by many, but difficult to name and even harder to address. A well-aligned culture can simultaneously drive business growth, compliance and performance. When misaligned, it can foster misconduct,...

31 Oct Outsourcing without Oversight

Posted at 10:26h in News & Insights

Many Guernsey firms, regulated and unregulated, outsource discrete activities to address local capacity constraints, access specialist capability, achieve cost efficiency and keep internal teams focused on core business. Outsourcing is more than a change of delivery route; it requires deliberate design, clear accountability and ongoing...

08 Oct Organisational Culture: A Strategic Imperative and Regulatory Touchstone

Posted at 08:26h in News & Insights

Culture as Strategic Asset - or Regulatory Risk Strong organisational culture enhances performance, innovation, and stakeholder trust. Studies have noted its importance to businesses, but also observed that there is often a large gap between the stated values of a firm and the lived behaviour.1 The...

08 Oct Conflicts of Interest and Governance in Guernsey: From Compliance to Culture

Posted at 07:57h in News & Insights

Conflicts of interest are inevitable in financial services. In Guernsey—a close-knit jurisdiction with overlapping roles and relationships—the challenge is not whether conflicts arise, but how effectively they are identified, managed, and disclosed. In 2025, the Guernsey Financial Services Commission (GFSC) completed thematic reviews of both...