Managers of Wealth Offshore

Commonwealth Bank records 10 percent drop in profits for Q1

The bank said loan impairment expense increased by 22 percent, reflecting an increase in actual and expected delinquency brought on by the COVID-19 pandemic.

World Bank Says Cayman Is The 5th Most Expensive Country In The World

To collect this data, the World Bank worked with the statistical agencies of each country to gather prices on a set of commonly purchased goods. In the case of Cayman, researchers also looked at prices across 210 shops.

Malta: Good governance should take centre stage, Chamber of Commerce says

This would heavily impact the viability of the Maltese financial sector, trading, tourism and general services, especially as the country’s plight with correspondent banks is expected to intensify further.

Marine insurance startup receives investment from world leader

This has forced marine operators to be more reliant than ever on digitisation, and this is already against a backdrop of ever-increasing sophistication of cyber-attacks which disrupt supply chains, and stakeholders’ confidence in their investments.

Considerations for Trustees During Coronavirus - The View from Jersey

Nevertheless, trustees’ duties do not change because of the impact of coronavirus.

Supporting those in need in the Cayman Islands

Selecting projects that build relationships and leave a lasting legacy is part of the Ocorian culture.

An assessment of Trinidad and Tobago's mid-year review

The main thrust of the relief packages promised by the state is to ensure that consumption and business activities do not grind to a halt.

How The Bahamas Is Preparing to Reopen for Tourism

It’s hoped that permitting entry to these smaller, special interest groups first during Phase One will provide a controlled test group through which the effectiveness of the country’s new measures might be gauged.

Zedra Funds see strong demand for ESG focused funds and company structures as a future trend

At the same time, governments are acting in the background – when Air France was rescued by the French State recently, one of the little quoted conditions was that it gave up competing with more environmentally friendly SNCF trains on some domestic

Quality IFCs Vital to Economic Recovery

Research points to the fact, for instance, that IFCs help facilitate FDI to the tune of some $80bn each year, supporting investment in infrastructure, brownfield and greenfield development sites in all corners of the globe.

Investment Funds: Opportunities During Covid-19

We have also seen an increase in activity in the distressed debt space.

The Institute of Directors Welcomes Guernsey’s Revive and Thrive Strategy

IoD Guernsey Chair John Clacy said: “We welcome the States of Guernsey’s Revive and Thrive Strategy and will be giving the States full support in developing the action plans going forward.”

Pandemic could cause rise in fraud cases in BVI

And, when those companies go under, he said, some of the fallout could find its way to VI courts.

Investing in Africa: The Role of International Finance Centres

Matthew Gilbert, head of Maples and Calder's British Virgin Islands team at the Maples Group's London office was recently quoted in an African Review article where he spoke about investing in Africa and the role of international finance centres.

Captive owners will be in a stronger position post-Covid-19

Some policies have a non-damage element but they are few and far between and heavily sub-limited.

Jersey Funds Association Chair delivers virtual update

Pointing to the fact that Jersey’s funds industry recorded a new record high of fund assets being administered last year

Cayman Islands becomes fifth largest source of FDI for India

FDI from Cyprus too increased by about three-times to $879 million in the last financial year from $296 million in 2018-19.

Bahamian Financial Provider Backs IMF Over Interest Rate Cut

Mr Pantry’s comments came a day after the IMF suggested that the Central Bank has some flexibility to cut interest rates.

The world economy on a tightrope

The global outlook is highly uncertain

Data Protection In Bermuda: Overview

The details of these sectoral laws are outside the scope of this Q&A, which focuses on PIPA.

Comment, Analysis & Research