Channel Islands Stock Exchange relaunches under new name

Related Stories

Historical concerns about the structure of the Channel Islands Stock Exchange should be left behind in its relaunch, according to its chairman.

In October it closed to new members before partially reopening after an investigation highlighted problems.

The relaunch includes a rebranding and a splitting of the company into two.

John Moulton said by having the regulatory and commercial aspects of the business separated it would avoid future conflicts of interest.

'Unblemished reputation'

The companies will be named as the Channel Islands Securities Exchange and the Channel Islands Securities Exchange Authority.

Mr Moulton said the problems would be "largely left behind".

The Guernsey Financial Services Commission, which was investigating, would not release details of the problems, but it did confirm they were historical and did not relate to its current work.

Mr Moulton said: "We're anxious to leave those problems behind us and to look forward to a company which will have an unblemished reputation and be a great success.

"Although the publicity has certainly been adverse the need for our existence and the things we offer are clearly important to our customers."

The exchange was founded in 1998, had 510 new listings in 2012 and reached a total of 5,000 in April.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey


Guernsey Airport

17 °C 17 °C

Features & Analysis

  • SyedTanks instead of toys

    Lyse Doucet on the plight of children in Syria and Gaza

  • Silhouette of manSuper-shy

    Why do Germany's super-rich so often keep their heads down?

  • Detail from Gin Lane by HogarthMother's ruin

    The time was gin was full of sulphuric acid and turpentine

  • The two sisters in their bakery'Must be mad'

    Why two Spanish sisters started a bakery in a desert

Elsewhere on the BBC

  • EscaladeBling's the thing

    The ostentatious Cadillac Escalade cruises into 2015 with fuel-gulping gusto


  • A sun bearThe Travel Show Watch

    The Borneo sanctuary coming to rescue of the world’s smallest bear

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.