12/29/2022
Central Bank and SVB in disagreement about supervisory costs
The ruling explains that, according to the law, the supervisor must keep an overview of the activities performed in the context of the supervisory tasks.
Regulation, Risk & Compliance
12/28/2022
Money transfer transactions exceeded 12 million in 2021
The data also shows that December, the month in which it is believed cash is often sent as a holiday gift, is not always the month of highest inflows, as remittances have crested at other periods over the last three years.
12/27/2022
Leonteq reaches settlement in previously disclosed legacy litigation matter and provides business update
In the second half of 2022 to date, Leonteq continued to register reduced client demand on the back of an overall challenging market environment but recorded stable monthly net fee income over the same period.
12/27/2022
Termination of the Merger of Block.one Crypto Exchange with a SPAC
Block. Bullish, a cryptocurrency exchange, won’t be going public after all.
12/22/2022
Alderney set to raise electricity price cap
The increase is subject to approval by the full States of Alderney next year.
12/22/2022
Bank of Jamaica pauses interest rate increase
Holds rate at 7%
12/22/2022
IDB: Govt faces an unenviable balancing act
Macroeconomic challenges, driven primarily by external shocks, will continue to present risks
12/22/2022
Finance firm surrenders licence after FSA investigation
The report found the company had not been fully compliant for several years because it hadn't invested enough time and resources in anti-money laundering.
12/21/2022
Sompo secures approval to consolidate its UK footprint
The move executes its strategic objective of consolidating its UK presence into one company market platform.
12/21/2022
“Don’t be complacent on data privacy” prompts international GDPR expert
Even some of the fines for small organisations have run into six figures.
12/21/2022
Tech hub suspends work amid payment row with Government
The Government earlier guaranteed a $2.5 million bank loan to InnoFund, which partnered with a leading technology accelerator based in Toronto and had a meeting with the Premier as plans to help boost business on the island were developed.
12/20/2022
Executive in fintech firm withdrew from Bermuda bank bid
Mr Sugarman was one of three men lined up to buy Bermuda Commercial Bank in 2019 but he was removed from the deal
12/20/2022
Fundsmith Extends Transfer Agent Relationship with SS&C
We look forward to working with SS&C, the world’s largest transfer agency provider, to constantly improve our customer service.
12/20/2022
Guernsey Financial Services Commission at COP15 to discuss how private capital can address biodiversity challenges
William’s attendance at the panel comes shortly after the Guernsey Financial Services Commission launched its Natural Capital Fund framework, as part of Guernsey’s growing Sustainable Funds Regime.
12/20/2022
Barbados Will Strengthen Public Policy And Fiscal Management With IDB Support
The program also supports increased cash transfer benefits to vulnerable populations and credit for low-income households to build or buy a home.
12/20/2022
RiverStone and Axis Capital in LPT reinsurance deal
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
Cayman schemes – where are we now?
The scheme of arrangement of China Vast was approved by the Cayman Court and became effective on 5 December 2022,
12/19/2022
"Wholesale modernisation" of insolvency law welcomed
The new law is due to come into force on 1 January 2023.
12/19/2022
Income tax and NI offenders fined by magistrates
Magistrates hand out £32,000 of fines
12/19/2022
RiverStone and Axis Capital in LPT reinsurance deal
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.