Isola Presents Gibraltar’s Fintech Credentials At UKOTA International Trade Summit

Albert Isola, Minister for Commerce recently attended the UKOTA Summit in Grand Cayman.

Albert Isola presented Gibraltar’s Fintech Credentials to the UK and Overseas Territories Association at the Trade Summit.

A statement from the Government follows below:

This provided an excellent opportunity to address leaders and senior representatives of the Overseas Territories. 

During the visit Minister Isola fulfilled two public speaking engagements. On the opening day he was invited to contribute to a panel discussion moderated by Alan Gemmell and with panellists Rt Hon Sir Hugo Swire MP, Cayman Island Chief Officer Eric Bush JP and Premier the Hon Sharlene Cartwright Robinson JP. The session titled, “Commonwealth Enterprise and Investment Council” (CWEIC) discussed the commercial opportunities available within the Overseas Territories for growth and expansion in a Commonwealth context. 

Minister Isola also delivered a keynote speech on Gibraltar’s fintech industry within the, “Building a Fintech Industry” session on day two. His address covered “Our Journey, Challenges and Opportunities”. The session, moderated by Jude Scott, CEO Cayman Finance included the Hon Tara Rivers, Minister of Financial Services, Cayman Islands. 

His talk covered many key areas stating, “The need for a regulatory framework was markedly apparent from an early stage, quality firms encouraged us to create one and were fully involved throughout the process” adding that Gibraltar’s perspective remains that, “this not a short term win scenario, our objective remains long term sustainability” 

Minister Albert Isola said: “We work very hard on creating deep relationships that fit with our vision for the future. We remain firm in our conviction that what differentiates us is the unrelenting way in which we guard our reputation, the quality and efficacy of the regulation we provide and our commitment to invest in the appropriate level of resources to drive this industry forward at pace. The 10th core principle of the DLT Regulatory Framework is in train and will cover market abuse issues. We are not resting on our laurels; we acknowledge that the speed of development and change has never previously been experienced and we will work relentlessly to maintain our position of leadership in this space.” 

Accompanying Minister Isola on this visit was Dominique Searle and Tyrone Duarte of our London office and Paul Astengo, Senior Executive with Gibraltar Finance.