08/08/2023
Ariel Re increases cyber capability with expanded partnership
This enables us to communicate more effectively with all stakeholders
Regulation, Risk & Compliance
08/07/2023
The new JFSC outsourcing policy: are you in scope?
The Policy will apply to a broader range of regulated entities and includes updates to take account of Jersey’s evolving regulatory framework.
08/07/2023
The countdown is on! An update on the new Guernsey Discrimination Law
The guidance notes are easily accessible on the Employment and Equal Opportunities Service website and this update is intended to serve as a brief overview of what's addressed and what employers need to be doing to ensure that they are ready.
08/07/2023
From the Bench: When a creditor challenges a debtor's acts as fraudulent
Companies' restructuring, change of ownership and transfers impacting loan conditions
08/07/2023
Appleby Continues to Expand Its Asia Offering
Hannah is a native Mandarin speaker and fluent in English.
08/07/2023
Premier asks banks to do more to protect borrowers
The US prime rate, which local banks adopt as the Cayman Islands’ lending rate, is 3% above the Federal Reserve Rate – so is now at 8.5%.
08/07/2023
Distillery law could help create new jobs, says Gosling’s
Mr Gosling said that right now Gosling’s rums are distilled overseas and shipped into Bermuda to be aged and blended.
08/04/2023
CIMA’s rules and statements of guidance – update 2023
The Rules apply to various types of regulated entities in the Cayman Islands, rather than just regulated funds.
08/04/2023
Shake-up at the top of Vesttoo over growing scandal
But a brewing scandal, which has brought an FBI investigation could lead to the ouster of company co-founders.
08/04/2023
Commission granted leave to appeal
The Commission has been granted leave to appeal the judgment of LB Marshall KC in the case of Domaille, Clarke & Hannis and the Guernsey Financial Services Commission.
08/04/2023
Landmark regulation case heading for appeal
She has granted leave to appeal in a case which will continue to be watched by industry, saying that there will be a public interest case in many of the issues raised by the commission.
08/03/2023
Insurers insist they cannot give contractors annual insurance policies
Insurance association insists there are 'extremely valid reasons' for its position
08/03/2023
Fitch: Prudential financial transactions to have favourable longer-term impact
The block of business represents approximately one-third of Prudential’s in-force guaranteed universal life statutory reserves.
08/03/2023
FirstCaribbean to raise interest rates on borrowing again
CIBC FirstCaribbean noted that any customers that have queries should contact their Branch or Relationship Manager.
08/01/2023
Consultation on increasing Recognized Auditor Fees by 20%
This increase is in-line with the other Crown Dependencies and our Business Plan.
08/01/2023
IMF gives Malta top billing for data transparency standards
Malta becomes 31st country to adhere to IMF's SDDS Plus
08/01/2023
New rules likely for distributing unclaimed millions from funds
Unclaimed monies are sitting in 11.5% of older, open-ended funds, and only 2% of closed-ended schemes
08/01/2023
Quarterly round-up of the recent investment funds updates in Guernsey
The Commission’s latest annual report highlights the increased risks faced by the financial services sector
07/31/2023
Cayman mortgage rates going up again
There’s some temporary respite for homeowners, already struggling to cope with rocketing mortgage repayments
07/31/2023
Fundraising slowdown and the rise of private credit
In a bid to stem rampant inflation, central banks across the world have been busy raising interest rates.