11/06/2017
Safer banking
The ECB had to take tough decisions on those banks in the eurozone that did not have their house in order.
Regulation, Risk & Compliance
10/31/2017
Changes to the JFSC Codes of Practice
The requirement for a custodian/depository to a closed-ended fund to have a minimum regulatory capital of £250,000, whereas the current requirement is £10,000.
10/29/2017
City of London/EU Tries to 'Enforce Ghost Tax Rule' by Probing UK Multinationals Policy
The timing is very suspect.
10/26/2017
Luxembourg commodity finance Sicav suspended
The Luxembourg regulator, the Commission de Surveillance du Secteur Financier , has been notified.
10/24/2017
Cayman Islands latest jurisdiction to unveil foundations legislation
In a guidance document detailing the main points of the new Cayman foundations legislation.
10/23/2017
IoM extends Code of Practice consultation period
The statement extending the deadline for the consultation period
10/22/2017
Guernsey waives promoter licences for over 100 territories
The regulations are in force from today.
10/22/2017
Tax, regulatory benefits for asset manager, Malta funds
The MFSA remains the sole regulator of financial services in Malta.
10/20/2017
‘Panama Papers investigation shows maladministration and breach of EU law’
This committee’s work has shown that there is much more work to be done
10/19/2017
Isle of Man sets up specialist unit to combat cyber attacks
OCSIA will concentrate on identifying cyber security risks and developing strategies to guard against such threats on an island-wide, cross government and industry basis.
10/19/2017
Bahamas Has ‘Ways To Go’ On Gov’T Board Governance
Contacts have expressed a strong belief that many of the corruption and other scandals relating to government agencies over the years could have been avoided if these factors were in place.
10/16/2017
ICIC Resolution On Transparency & Outsourcing
ICIC Resolution On Transparency & Outsourcing
10/16/2017
State Bank of Mauritius Launches Lending Pilot With Blockchain Startup
We are keen to explore providing banking services to this innovative company.
10/16/2017
Vijay Mallya firms had deals with company named in Panama Papers
This was maneuvered by non-disclosure of material facts.
10/16/2017
Imf's 'Well-Managed' Financial Contraction Findings Premature
The International Monetary Fund, in a paper accompanying its full Article IV report on the Bahamas, suggested that the financial services sector’s economic impact had “remained broadly stable” despite a 65 per cent contraction in bank an
10/13/2017
Riddle Of The Disappearing QROPS List
On October 10, a new list was released by HMRC without explanation.
10/11/2017
Meltdown
Professionals in the industry are now calling on the government to address these matters with a sense of urgency as the employment of thousands of Bahamians is at stake.
10/10/2017
Buy Your Citizenship With Bitcoin
The arrangement particularly benefits wealthy people from the most «troubled» countries, such as in Eastern Europe or Asia and Latin America.
10/10/2017
StanChart under probe: Abuse of financial system won't be tolerated, says MAS
Authority makes stance clear as it probes StanChart's $1.9b Guernsey to S'pore transfer
10/10/2017
Private Bankers Seeking Break From Swiss Crisis-Era Rules
Regulator plans to relax rules for small Swiss banks