BFSB

STEP Report Documents Importance of Offshore Centres

Thursday November 5th, 2009

In a new report released today by the Society of Trust and Estate Practitioners (STEP), the author speaks to the positive role that offshore financial centres play in supporting growth around the world. Titled, International Finance Centers and the World Economy report, published today, the work was commissioned by STEP from prominent US economist Professor James R Hines Jr. of the University of Michigan.

A release from STEP Worldwide says that ahead of this weekend’s G20 Finance Ministers’ meeting the report documents strong evidence from a range of sources of the key role well regulated offshore centres now play in the global economy.