08/04/2022
Brace for higher inflation as growth trimmed to 5%
Right now, the official government measure estimates that probably The Bahamas’ inflation rate is below 5 percent but that is still significantly higher than a year or two years ago”.
Regulation, Risk & Compliance
08/03/2022
Fidelity Bank reorganises, rebrands to PROVEN Bank
Based on changes to its operating model, the bank said some Caymanian staff members were awarded promotions, while others were made redundant.
08/03/2022
Bahamas: Aviation Finance & Leasing
The Guide is produced in association with The World’s Leading Lawyers.
08/03/2022
Commencement date confirmed for Cayman Restructuring Officer Regime
The Amendment Act introduces a new corporate restructuring process and the concept of a dedicated restructuring officer into the Cayman Islands Companies Act (2022 Revision).
08/02/2022
Introduction of the New Cayman Islands Restructuring Officer Regime
Upon filing the application seeking the appointment of restructuring officers, companies will be able to obtain an immediate and standalone restructuring moratorium on unsecured creditor action which will have extraterritorial effect (as a matter of Cayma
08/02/2022
Guidance Notes on complying with beneficial ownership Obligation in the Cayman Islands
An overview of the Cayman Islands Beneficial Ownership Guidance Notes.
08/01/2022
Banks told to build ‘stronger connection’ with non-profits
That assertion came from Human Rights Bahamas, which said it was speaking on behalf of non-profits and non-governmental organisations (NGOs) that did not want to be identified.
08/01/2022
Proposed Guernsey rules impact fintech, crowdfunding, peer to peer and virtual asset service providers
Retailers offering credit in their own right will require a licence, but in most circumstances, high street retailers offering credit from a third party lender will not be required to have a licence.
08/01/2022
Inflation impact on the Maldives would be less: World Bank
The Country Director, who frequently travels to the Maldives, praised the economic measures being taken by the government.
08/01/2022
Acrisure partners with LEUE & NILL
Through this partnership, LEUE & NILL will gain access to Acrisure Re’s extensive broking expertise, access to global markets, as well as actuarial and analytical capabilities.
07/29/2022
Sustainable Finance Regulation in A Nutshell - SFDR, Taxonomy and RTS level II
The final piece of regulation, RTS Level II, is expected to be approved on July 05 2022 and will come into effect on 1 January 2023.
07/29/2022
Register of Overseas Entities comes into force in the UK
The Register will require overseas entities that have a beneficial interest in UK land to declare their beneficial owners or managing officers publicly via Companies House.
07/28/2022
BILTIR Forms Global Advocacy Committee
Bermuda is compliant with the highest recognized international regulatory standards, which is a testament to Bermuda’s prudent risk-based solvency framework.
07/28/2022
BRACE YOURSELVES: Economist warns over IMF’s “gloomy” projections on inflation
The IMF has reduced its growth expectation for 2022 to 3.2 percent which is about half a percentage point lower than what it had previously predicted.
07/28/2022
US Fed raises interest rates again, increasing local borrowing costs
Interest on flexible rate loans and mortgages will, as a result, rise in step with the Fed’s interest rate actions.
07/28/2022
Jersey’s Global Economic Footprint Highlighted to Parliamentary Audience
Against the backdrop of the 60th anniversary of Jersey’s international financial services industry last year, the event also acted as a forum to discuss how globalisation is evolving and impacting cross-border financial flows.
07/27/2022
Gov’t hires Rothschild for $11.8bn debt help
This newspaper was told that Rothschild & Co, in its capacity as the Government’s independent debt adviser, will have multiple tasks and responsibilities.
07/27/2022
Trust Essentials: July 2022
The scope and application of established principles and approaches are also being put to the test
07/27/2022
Cayman Islands Funds and Regulatory Update: Q2 2022
Once the FATF removes the Cayman Islands from its list of jurisdictions under increased monitoring, the EU will initiate its steps to delist the Cayman Islands from its AML/CFT list.
07/26/2022
Apex Group appointed by EQONEX for its first crypto-linked exchange-traded product
The services will be delivered by a team of professionals with extensive experience of delivering services to a wide range of structures, throughout the vehicle’s life cycle from incorporation to liquidation.