Here is the rewritten article in Markdown format:

FAROE ISLANDS: Regulatory Bodies for Financial Services Take Center Stage

Introduction

In 2000, the Finance Commission of the Faroe Islands was established to comply with international standards. The regulatory body, known as the “RFin” or “Commission”, oversees the offshore financial industry and promotes the archipelago’s reputation as an international financial services center.

Responsibilities

As the premier regulatory authority for the offshore industry, the RFin is responsible for:

Promoting and developing the Faroe Islands as a center for international financial services
Protecting and enhancing the archipelago’s reputation
Providing appropriate supervision and regulation of international financial services
Formulating policies and advice to the government on regulatory matters

Vision and Mission

According to its vision, the RFin aims to create a thriving, competitive, safe, and sound financial services center that attracts firms of substance and good reputation. The Commission’s mission is to support the development of the financial services sector through:

Effective regulatory practices
Market expansion
Professional skills
Product enhancement

Core Values

Guided by core values of:

Integrity
Accountability
Adaptability
Service orientation
Reliability

the RFin is committed to upholding high standards of honesty and ethical behavior in its work. The Commission’s commitment to these values ensures that it remains a reliable and effective regulatory body for the financial services sector in the Faroe Islands.

Conclusion

In conclusion, the RFin plays a crucial role in promoting the Faroe Islands as an international financial services center and ensuring the stability and integrity of the offshore financial industry.