Managers of Wealth Offshore

Aligning sales with compliance in the financial services sector

Sales strategies of some financial institutions may be out of step with trends in consumer behaviour

Government collaborating on banking access solutions for the Family Islands

Cooper, the Exuma and Ragged Island MP, spoke at the opening of Fidelity Bank on Exuma and noted that the island has been witnessing significant progress, with full employment and a desire for new investments.

Regulators urged to take action over insurance protection gap

There is a growing consensus for a need to close that gap by managing the impact of factors such as climate change to improve the future of more of the world’s communities.

BOJ rolls out counterfeit banknote detection campaign

The counterfeit campaign comes as banking institutions make headway on retrofitting their machines to accept and dispense the polymers.

New crypto-assets regulation discussed at MFSA conference

500 participants from over 25 European supervisory authorities

TCFD reporting for private capital firms

Private capital has an important role to play in the transition to a greener future and helping plug this evident investment gap.

Government delivering over $1.5 billion in new projects for Grand Bahamians says PM

Prime Minister Davis remembered Wilchcombe as “a true statesman with a heart for the people.

LMA Guide to Sustainability-Linked Leveraged Loans

This follows revisions to the Sustainability-Linked Loan Principles ("SLLPs") in February 2023.

Money market report for the week ended November 10, 2023

Information on ECB monetary operations and domestic Treasury bill market

Data Protection for Cayman Islands investment funds

Where a data controller engages a third party (such as an administrator or investment manager) to process personal data on its behalf, the data controller must ensure the third party complies with the eight data protection principles.

Collas Crill Advocates admitted to Guernsey Bar

Before joining Collas Crill Amy spent two years specialising in financial crime prevention at a private bank.

Bahamas Government proposes Legislative Measures for Environment and Natural Resources

There will be a defined royalty framework to ensure that Bahamians benefit from this valuable resource.

Authorities respond to IMF concern over Bermuda life reinsurers

The report said: “This arrangement allows private equity firms to issue insurance products, reinsure them and manage the premiums while limiting the ability of regulators to monitor them.”

International recognition for Bailiwick Data Protection Commissioner

It recognises her distinguished career and the huge contribution she has made to data protection in the Channel Islands and beyond.

Re/insurers urged to be more ambitious in meeting demand for coverage

“We also heard a lot about the rapid evolution of the risk environment – and how sustainability, economic, geopolitical and social risks are all becoming more correlated.

Reserving powers under Guernsey Trusts Law

The person to whom powers have been reserved are often referred to as a protector

ArawakX hits out at regulator’s top exec over “ill advised” conversations with BOB

BOB had frozen access to the crowdfunding platform’s accounts on October 31, 2022

Paperless Listing Regime and Mandatory Electronic Dissemination of Corporate Communications: Impact on Bermuda, Cayman Islands and British Virgin Islands listed issuers

In respect of communications by means of a website, a holder is only deemed to have given consent that the issuer may send communications by means of a website in limited circumstances.

Income over £80k won't be taxed at 22%

This concern was shared by Deputy Dave Mahoney from Policy and Resources who said that neighbouring jurisdictions would be "rubbing their hands together with glee" as they listened in to the debate.

Consultants: new BMA standards should be embraced

The BMA papers focus on enhancing the regulatory regime for the long term business of life insurers and reinsurers.

Regulation, Risk & Compliance