11/21/2022
‘Urgent measures’ needed to close gender pay gap – report
The Fawcett Society said its research showed that during 2022 women will, on average, take home £564 less than men each month, up from £536 in 2021.
Regulation, Risk & Compliance
11/21/2022
Regulation of credit and consumer business in the Bailiwick
The LCF Law also regulates 'services ancillary to credit' including assisting by undertaking preparatory work
11/21/2022
A Caribbean-Africa partnership is happening finally, and it’s a terrific development
The MoU signing between Africa Import-Export Bank and the Ministry of Bahamas seems to be a good beginning to new relations with like-minded countries which are bearing the brunt of Western diktats
11/21/2022
Banking & Finance Trends & Developments in The Bahamas
Their article focused on the trends and developments of the Banking & Finance sector in The Bahamas.
11/18/2022
Irish government finalises terms and conditions for offshore wind auctions
Generators are likely to welcome the extension of the period of support from 15 years to 20 years.
11/18/2022
Belize is going to be completely taken over by US in next 10 years
According to a report, Belize will promote the digitalization of companies and government services and boost local economic growth, financed by a $10 million loan from the Inter-American Development Bank
11/18/2022
FTX suggests Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy: Filing
The accusations were made by FTX in a motion in the United States Bankruptcy Court in Delaware.
11/18/2022
Electing a new IDB president
Its membership includes several donor countries which, by virtue of their contributions and shares, hold just over 50 per cent of its voting power.
11/17/2022
Persevere: DPM says he’s confident country will pivot from FTX fall-out
The Supreme Court approved Kevin Cambridge and Peter Greaves of PricewaterhouseCoopers (PwC) as joint provisional liquidators for FTX Digital Markets.
11/16/2022
Proposal to scrap Guernsey's zero-10 tax system
"This is just inequitable and the zero rate damages our reputation internationally."
11/16/2022
AGML Bermuda all set to write Lloyd’s business
Antares comprises the international operations of Qatar Insurance Group, including its reinsurance and Lloyd’s insurance arms (and wholly owned subsidiaries).
11/16/2022
Guernsey Economic & Financial Crime Bureau now enshrined in Law
The FIU, formerly part of Bailiwick Law Enforcement, now falls under the umbrella of the EFCB though retains its operational independence.
11/16/2022
Amid global meltdown, St Kitts and Nevis says it does not accept crypto for citizenship program
Says cryptocurrency must be liquidated into fiat currency and transferred via registered bank
11/15/2022
Deloitte wins $200K contract to develop public transport plan
Tourism and Transport Minister Kenneth Bryan confirmed that work has begun on the project.
11/15/2022
Bitcoin Cash Could Be Legal Tender in St. Kitts by March, Prime Minister Says
The Caribbean nation could join El Salvador and the Central African Republic in backing crypto.
11/15/2022
GDPR: December Deadline on Rule Changes for Ex-EU Data Transfer Arrangements
Organisations should now review their existing data transfer arrangements and develop an action plan for transitioning to the New SCCs before the December 2022 deadline.
11/15/2022
Sound and Stable: Central Bank report says domestic financial system strong
The report further assessed that there is “no immediate risk” to financial stability within the banking system, given the commercial banks’ high capital buffers and satisfactory provisioning levels.
11/14/2022
Bermuda-linked company caught up in turmoil of FTX collapse
The pause, and a subsequent suspension of its lending licence by California regulators, came after distressed crypto trading platform FTX Trading Ltd collapsed into bankruptcy last week.
11/11/2022
Central Bank aims to expand merchant network for greater Sand Dollar adoption
Rolle noted that expanding the merchant network is important to accelerated adoption.
11/11/2022
Skipton International reduces mortgage rates
The 0.50% reductions will be applied across its UK Buy-To-Let product range, including for both purchase and remortgage applications