12/11/2015
Financial Policy Council formed in Bermuda
The formation of the Council will overarch a strategic project begun five years ago to strengthen the financial stability framework in Bermuda.
12/11/2015
The formation of the Council will overarch a strategic project begun five years ago to strengthen the financial stability framework in Bermuda.
12/10/2015
Companies have fiduciary responsibility to their shareholders (owners) to make as much money as possible within the law.
12/08/2015
The delay in attracting an experienced figurehead for the Insurance Division at CIMA has compounded the authority’s woes in finding a full complement of directors
12/08/2015
With a new tax on company dividends coming into force from April 2016, a financial planner explains how Britons overseas will be affected, and what steps they should take
12/07/2015
Qatar Reinsurance Company Ltd today announced that it has completed the process of re--‐domiciling to Bermuda. At the same
12/07/2015
The pressure on Cayman, as well as British Virgin Islands and Bermuda, was intense as Minister James Duddridge pledged to press the OTs on the public register.
12/06/2015
The agreement on the thorny issue appears to have been left open-ended l
12/03/2015
Senior finance professionals in Asia heard about Jersey’s strength in funds, capital markets and private wealth at a number of events hosted by Jersey Finance in the Far East earlier this month.
12/03/2015
The Commission hopes that these changes will give firms the confidence to use new technologies.
12/03/2015
The report urged the UK to use its ‘control’ over the territories
12/03/2015
“Today’s resolution with EFG Bank European Financial Group SA, Geneva and EFG Bank AG reflects the continued progress of the Department of Justice’s Swiss Bank Program,” said acting Deputy Commissioner International David Horton
12/03/2015
Since the crisis of 2013 various calls have been made to hive off bad loans into an Irish-style AMC.
12/01/2015
The Banker, a Financial Times publication, is a highly regarded UK-based periodical that each year selects banks in over 100 countries to receive their Bank of the Year Awards.
12/01/2015
This is hugely significant for Bermuda and means that Bermuda commercial (re)insurers and insurance groups supervised in Bermuda will not be at all disadvantaged in operating in Europe (or indeed elsewhere on the globe) when Solvency II takes effect on 1
11/30/2015
The paper goes on to note that the Barbadian dollar is pegged to the US dollar, and that as such, a reserve of foreign currencies keeps its money safe from speculative attacks.
11/30/2015
The changes also include guidance for firms on the use of online utility bills to verify the address of Channel Islands residents.
11/30/2015
Hawksford is now able to provide a full range of trust services to both private and corporate clients in the Cayman Islands, having secured a Trust Licence from The Cayman Islands Monetary Authority.
11/27/2015
This move by the government is expressed to be in fulfilment of its mandate to continuously improve the economic climate of the country through expansion of services
11/27/2015
The BBA is committed to ensuring that the legal and regulatory framework governing financial services in Bermuda operates in an efficient, effective and fair manner.
11/27/2015
The Bank was named ‘Channel Islands Custodian of the Year’ at the Custody Risk European Awards 2015 ceremony.