03/31/2022
The right to a bank account? − Kevin-James Fenech
Local banks enjoy a quasi-monopolistic position
Comment, Analysis & Research
03/31/2022
The Bahamas makes its presence felt at intl. insurance conference
CICA brings together the best captive professionals from around the world in a domicile-neutral setting to explore new uses of captives, to engage new talent, and to outline best practices,” read a BFSB statement.
03/31/2022
While Cayman economy declined in 2020, it did better than most
Hotel & restaurant services experienced a contraction of 53.2 per cent in 2020
03/31/2022
Top investment director flew on Greensill’s private plane, officials say
The Swiss asset manager and its employee were fined a total of £9.3 million in December
03/31/2022
Strong Growth Trajectory for Jersey Funds Sector in Positive Year for Industry
The growth is driven by the alternative asset classes, including private equity, real estate, hedge, credit and infrastructure, which now represent 89% of total funds business, with private equity and venture capital in particular increasing by 27% over t
03/31/2022
‘Guernsey can turn its “demographic dilemma” into a ‘demographic dividend,’ says IoD Mid-Term keynote speaker
The event began with a series of interviews with young people who shared their reasons for leaving the island or concerns about staying in Guernsey.
03/29/2022
BF&M Reports Net Income Of $25.2 Million
BF&M’s Group Employee Benefits business was the primary driver for these earnings as Group Health, Life, and Pensions lines all met profit expectations.
03/29/2022
Today and beyond: The next generation challenges the status quo of family business
While only 28% of NextGens are currently leading sustainability efforts, 72% expect to do so in the future.
03/29/2022
Jersey: Proposal to increase investment business fees by 8.8% in 2022
Financial crime supervision has increased the volume supervisory activity for this sector. Some of the underlying reasons are covered in the National Risk Assessment.
03/28/2022
Economic growth will not be without uncertainty
GUERNSEY and Jersey should expect a year of ‘above trend’ economic growth this year but will not be immune to rising costs and geopolitical uncertainty, according to a new forecast.
03/27/2022
Jersey: An Alternative Jurisdiction for Global Securitisation Sponsors
Jersey has a long history of debt-issuing vehicles and those have ranged from short-dated issuers
03/27/2022
US Virgin Islands clarifies captives law
The committee also considered a new bill to authorise the Virgin Islands Port Authority to establish a self-insurance program on the same day.
03/25/2022
CWC: Guernsey is in a good position to promote captive sector
In these conditions, demand for alternative risk financing solutions is anticipated to continue in 2022 from all industry sectors, geographies and corporate entities.
03/23/2022
Why do brands fail in Monaco?
Let’s put it in this way, over 80% of the luxury businesses coming to the Principality of Monaco fail to capitalise on their true potentials.
03/23/2022
Abramovich investments highlight Cayman’s unknown Russia exposure
Tracing Cayman’s exposure in the more obscure, but potentially much larger, area of investment funds is more challenging.
03/22/2022
Business connectivity costs in Guernsey to fall by up to 52%
The price changes will come into effect on 28th March 2022.
03/21/2022
Moody’s upgrades Assured Guaranty
Assured Guaranty Ltd. is a holding company based in Bermuda
03/21/2022
Fleet of Russian billionaires’ megayachts linked to Bermuda
The Government has said it would follow UK sanctions against named Russian oligarchs in the wake of the country’s invasion of Ukraine.
03/21/2022
The P&O redundancies highlight why it is critical to follow a fair process
A failure to embrace this approach can have serious legal implications for employers and makes a difficult situation even worse for the affected employees.
03/20/2022
Russians holding $3 billion in financial assets in the Bahamas
The central bank found $420 million in deposits and $2.5bn in custody or trust assets “with ultimate beneficial owners from or connected to Russia” in Bahamian financial institutions that are licensed to serve foreign clients.