12/20/2022
The transaction, subject to regulatory approval, covers net reserves for losses and loss expenses of approximately $400 million and provides ground-up cover to a policy limit of $605 million.
12/20/2022
The scheme of arrangement of China Vast was approved by the Cayman Court and became effective on 5 December 2022,
12/19/2022
The new law is due to come into force on 1 January 2023.
12/19/2022
Magistrates hand out £32,000 of fines
12/19/2022
The transaction, subject to regulatory approval, covers net reserves for losses and loss expenses of approximately $400 million and provides ground-up cover to a policy limit of $605 million.
12/19/2022
Jamaicans facing higher cost on loans as commercial banks raising interest rates
12/16/2022
The enhancements will cover technical provisions, Bermuda Solvency Capital Requirement computation and the flexibility of the BSCR framework.
12/16/2022
The Company is the parent company of a group (the "Group") which operates a leading financial technology platform providing alternative sources of credit to traditional retail banks for the unbanked and underbanked population of Southeast Asia,
12/15/2022
The Labuan Islamic Digital Asset Centre or IDAC was unveiled in October 2022
12/15/2022
He used the Capitol Hill hearing to blast the Bahamas’ provisional liquidation process for having “no transparency”
12/15/2022
It was due to be debated at the States meeting on 26 January 2022 but was withdrawn from the agenda pending further engagement and consultation.
12/15/2022
The Rule and Statement of Guidance set out CIMA's requirements in relation to the management of cybersecurity risks.
12/15/2022
In this Country Correspondent Report for Islamic Finance News ("IFN"), Manuela Belmontes discusses the activity of the sukuk market in Q3 and the launch of Shariah compliant funds
12/15/2022
“The opportunities that struck me are for those earning less than $16.40 an hour and struggling to meet their needs for themselves and their families.”
12/14/2022
Investor applications for approvals may be submitted directly to the Central Bank
12/14/2022
Bankman-Fried was arrested at his Nassau apartment on Monday at the request of federal prosecutors in New York.
12/14/2022
The SEC in court filings claimed that Bankman-Fried “portrayed himself as a responsible leader of the crypto community.”
12/14/2022
Among other things, the bill provides for the fair transfer of natural resource wealth across generations, and facilitates the using of natural resource wealth to finance national development priorities.
12/14/2022
The combination of charitable and non-charitable purposes in a trust of this sort is allowed under Bermuda law.
12/14/2022
The Commission holds those assets as trustee only (under Bahamian Law), and they will be ultimately distributed, to creditors and clients of FTX, wherever they may be located, in accordance with the court’s direction.