Chief Minister Allan Bell MHK has welcomed an evaluation carried out for the G20 which includes the Isle of Man in a list of countries strongly adhering to international standards of co-operation and information exchange. The review was conducted by the Financial Stability Board as part of its work, requested by G20 leaders, to strengthen the implementation of international financial standards. The FSB report was published on the eve of this week’s G20 summit in Cannes. Following an evaluation of around 60 jurisdictions of global financial importance, the FSB has listed them in three groups: 1) those demonstrating sufficiently strong adherence to the international standards; 2) those making progress towards the standards; 3) a small number of non-cooperative jurisdictions. The Isle of Man is listed amongst the first group. The Chief Minister commented: ‘The inclusion of the Isle of Man in the highest category of co-operative jurisdictions in the FSB report produced for the G20 is further recognition at global level that the Island is in the top tier of responsible countries. ‘At this time of continuing economic and financial turbulence around the world the Isle of Man remains committed to playing its part in supporting international standards that promote greater financial stability.’ ENDS