Finance professionals and experts say they are questioning the future of the industries in the Channel Islands amid global shifts.
Guernsey has been described as "standing on a burning platform", with a new report warning about the risk of "becoming too comfortable".
In Jersey, the government has set out its plan to boost the finance industry, as one expert said the island was "slugging it out" with emerging competitors.
In both islands there is an acknowledgement more needs to be done to embrace an increasingly digital financial landscape.
A recent innovation report in Guernsey cites AI adoption, geopolitical tension and a "creaking financial system" as some of the biggest questions facing the island.
