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.
Regulation, Risk & Compliance
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
11/11/2022
Securities Commission of The Bahamas Freezes Assets of FTX
The Commission is aware of public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research.
11/10/2022
Guernsey Development Agency seeks board members
The Agency is seeking five Non-Executive Directors to form the board alongside Stuart Falla.
11/10/2022
JTC signs up to responsible investing
JTC has set itself a number of strategic targets through an ESG framework
11/10/2022
Jersey LLCs – The Latest Offshore LLC Option
That growing profile and awareness makes the launch of the Jersey LLC particularly well-timed.
11/10/2022
Reinsurers look to hardening rates at January renewals
In a high catastrophe loss year for the industry, Conduit Re said, its focused risk selection restricted the impact from major loss events.
11/10/2022
Document duty changes in Guernsey
It is not possible to take advantage of the relief more than once.
11/09/2022
JCRA invites comments on Sure’s proposed acquisition of Airtel-Vodafone
Sure plans to integrate the Airtel-Vodafone team into the new merged business