Cook Islands finance minister sets up committee to rescue country's offshore industry
The Cook Islands finance minister Sir Terepai Maoate, has set up a committee to draw up a rescue package for the country's shrinking offshore industry.
An article in The Times on Saturday launched an attack on the way Guernsey's government dealt with the banking crisis and said the message to UK savers was clear: 'If you value safety, you should give offshore banks a wide berth.