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Regulation, Risk & Compliance

11/15/2022

Deloitte wins $200K contract to develop public transport plan

Tourism and Transport Minister Kenneth Bryan confirmed that work has begun on the project.

11/15/2022

Bitcoin Cash Could Be Legal Tender in St. Kitts by March, Prime Minister Says

The Caribbean nation could join El Salvador and the Central African Republic in backing crypto.

11/15/2022

GDPR: December Deadline on Rule Changes for Ex-EU Data Transfer Arrangements

Organisations should now review their existing data transfer arrangements and develop an action plan for transitioning to the New SCCs before the December 2022 deadline.

11/15/2022

Sound and Stable: Central Bank report says domestic financial system strong

The report further assessed that there is “no immediate risk” to financial stability within the banking system, given the commercial banks’ high capital buffers and satisfactory provisioning levels.

11/14/2022

Bermuda-linked company caught up in turmoil of FTX collapse

The pause, and a subsequent suspension of its lending licence by California regulators, came after distressed crypto trading platform FTX Trading Ltd collapsed into bankruptcy last week.

11/11/2022

Central Bank aims to expand merchant network for greater Sand Dollar adoption

Rolle noted that expanding the merchant network is important to accelerated adoption.

11/11/2022

Skipton International reduces mortgage rates

The 0.50% reductions will be applied across its UK Buy-To-Let product range, including for both purchase and remortgage applications

11/11/2022

Securities Commission of The Bahamas Freezes Assets of FTX

The Commission is aware of public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research.

11/10/2022

Guernsey Development Agency seeks board members

The Agency is seeking five Non-Executive Directors to form the board alongside Stuart Falla.

11/10/2022

JTC signs up to responsible investing

JTC has set itself a number of strategic targets through an ESG framework

11/10/2022

Jersey LLCs – The Latest Offshore LLC Option

That growing profile and awareness makes the launch of the Jersey LLC particularly well-timed.

11/10/2022

Reinsurers look to hardening rates at January renewals

In a high catastrophe loss year for the industry, Conduit Re said, its focused risk selection restricted the impact from major loss events.

11/10/2022

Document duty changes in Guernsey

It is not possible to take advantage of the relief more than once.

11/09/2022

JCRA invites comments on Sure’s proposed acquisition of Airtel-Vodafone

Sure plans to integrate the Airtel-Vodafone team into the new merged business

11/09/2022

Prosperity 24/7 becomes corporate partner of Association for Project Management

Our partnership with APM demonstrates our commitment to delivering change programmes in the best possible way for our clients.

11/09/2022

Central Bank of Ireland's Consumer Protection Code: Have your say

Submissions to the questions raised in the Discussion Paper are open until 31 March 2023 with feedback to be provided Q3 2023.

11/08/2022

Managing risks with related party transactions

Even seemingly small transactions must be recorded on related party registers and may require disclosure in the financial statements.

11/08/2022

Cayman Islands advances on digital ID plan as cabinet okays draft bill

He said the draft legislations will not only bring innovation to business transactions, but will also facilitate the way Caymanians access public services both with government and private business entities.

11/07/2022

SiriusPoint scales back catastrophe business

The combined ratio was 107.7 per cent.

11/07/2022

Doctors urge Gov’t: ‘Hit pause button’ over NHI

What we must recognise, however, is that healthcare providers are part of a complex local ecosystem.

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