Editing Economy of Seychelles (section)

===Financial services===
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In addition to the now booming tourism and building/real estate markets, Seychelles has renewed its commitment to developing its financial services sector.  Government officials and industry participants believe this could overtake the tourism industry as the chief pillar of the economy by 2017.  The recent passage of a revised Mutual Fund Act 2007, Securities Act 2007 and Insurance Act 2007 are meant to be the catalysts to move Seychelles from just another offshore jurisdiction to a full-fledged Offshore Financial Center (OFC).

The Ministry of Finance is responsible for economic decisions and budgetary policy. A separate Monetary Authority supervises the banking system and manages the money supply. Although foreign banks operate branches in Seychelles, the government owns the two local banks—the Development Bank of Seychelles, which mobilizes resources to fund development programs, and the Seychelles Saving Bank, a bank for savings and current accounts.

The [[Seychelles Financial Services Authority|Financial Services Authority]] (formerly Seychelles International Business Authority - SIBA) is charged with overseeing the quickly growing non-banking financial services industry.