10/14/2022
Early bankruptcy warning system among new insolvency reforms
Proposed laws will make it easier to manage the estate of insolvent entities
Regulation, Risk & Compliance
10/14/2022
Financial sector huddles over money crimes
Spotlight on Jam-Dex, real estate, lawyers, used-car and hardware trade
10/14/2022
Russia: Cayman Islands Sanctions Update
The Regulations also provide for a mechanism through which general licences can be issued, which allow multiple parties to undertake activities which would otherwise be prohibited by the Regulations without the need for a specific licence.
10/14/2022
Financial crime risk assessment is launched
Regulated trust and company service providers responsible for administering trusts will receive an invitation from myJFSC inviting them to complete the questionnaire.
10/14/2022
Chamber of Commerce warns minimum wage hike may bring more inflation, job cuts
Consumers spend decline could result in permanent closure for some businesses
10/13/2022
Employers offering more flexibility amidst pressure to recruit and retain staff
73% were offering, or were planning to offer, increased flexibility / remote working to fill vacancies.
10/13/2022
Privy Council clarifies the nature and ranking of a former trustee's equitable lien in insolvent trusts
Privy Council clarifies the nature and ranking of a former trustee's equitable lien in insolvent trusts
10/12/2022
Bahamas downgraded by Moody's Investors Service
The downgrade comes as the rating agency considers an ongoing economic recovery, driven primarily by tourism activity, and a narrowing fiscal deficit.
10/12/2022
Banknote changes still catching out local shoppers
These changes affect only UK banknotes.
10/12/2022
Ogier in Luxembourg assists WISAG in acquisition of Nettoservice
The team was headed by mergers and acquisition specialist Bertrand Géradin
10/12/2022
BOJ to get technical support to identify climate risks in financial sector
Among other things, it focuses on climate, biodiversity, peace, education, urban planning, health, and governance.
10/11/2022
Bank sector Q2 net income up 36.6% to $86.3m
Net interest income grew by 14.1 per cent, or $17 million, to $137.7 million compared with the previous quarter.
10/11/2022
Carey Olsen partners with World Triathlon Bermuda and legal team compete to raise funds for Family Centre Bermuda
Carey Olsen Bermuda is a supporter of many community-based sports and activities.
10/11/2022
Bermuda to deploy more cyber capacity to meet demand
Despite cyber attacks continuing to cost businesses millions of dollars, fewer than 40% of executives surveyed say they have fully mitigated cybersecurity risk exposure in a number of critical areas.
10/10/2022
Maldives GDP to boost, debt expects hike; World Bank
While inflation is projected at 3.5 percent in 2022, World Bank claims this will moderate in 2023 as "global energy prices normalize."
10/10/2022
EU takes Bermuda off its grey list
Also off the grey list is Tunisia, while Costa Rica remains.
10/10/2022
Bahamas ‘may never be ready’ for exchange control elimination
It’s not as straightforward as throwing a switch. What we try to emphasise is that behind the system is a framework to maintain the stability of the currency.
10/10/2022
Cayman Regulatory Update - Q4 2022
Cayman Islands for frozen funds under the Russia sanctions regime and an update on the revised regulatory procedures for the deregistration of Cayman funds.
10/07/2022
Packed finance audience hears the latest on Moneyval
THERE was standing room only at St James as more than 500 finance industry professionals learned more implications of the island’s forthcoming Moneyval inspection from the industry regulator.
10/07/2022
Snapshot: Considerations for Chilean pension funds investing in offshore funds
In some circumstances, there can be time-pressure to obtain the confirmations in order to meet the investment closing deadline.