Managers of Wealth Offshore

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.

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.

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.

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.

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.

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.

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.

Trust Essentials: July 2022

The scope and application of established principles and approaches are also being put to the test

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.

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.

Snapshot: how does the JFSC gather information - and is it protected?

This briefing summarises various ways in which the JFSC gathers the information it needs, and outlines the extent of the protections afforded to that information.

Snapshot: being open and cooperative with the JFSC - what does it involve and why does it matter?

The significance that the JFSC places on compliance with the duty of candour is clear from various disciplinary outcomes over time, and it is therefore important that firms have a good understanding of what this duty requires of them.

“Some of these mandates… are in the wrong place”

The panel spent most of the time discussing the pros and cons of runway extensions and the progress Aurigny has made in trying to break even.

From one policy mistake to another

Prices have ballooned at grocery stores and gas stations, directly impacting US consumer confidence, which has dropped to its lowest level in more than a year as inflation continues to dampen economic sentiments.

Cayman Compliance and Regulatory Updates – Q2 2022

Regulated entities must ensure that their sanctions compliance programmes remain fit-for-purpose and contain mechanisms that allow them to quickly respond to the complex, far-reaching and swift changes to Targeted Financial Sanctions.

Ogier experts underline need for forward thinking as gender pay gap reporting evolves

They were joined by keynote speaker Daphne Romney QC of Cloisters, who highlighted that reporting gender pay gap information was a complex area that needed to be backed up by subsequent action if it was to be effective.

Antigua Government accuses local bank ECAB of frustrating attempts at divestment

The government already controls 25 percent of the ECAB, and Browne said “they continue to frustrate the government for years now.

Time to assess independence and separation of powers in Cayman

Independence must exist in theory and in fact between courts, Parliament and other arms of government

BMA amendment fixes fee error

It also seeks to correct fees incorrectly stated in the principal act to ensure that all fees previously consulted on by the BMA are correctly referenced.

Antiguan Govt accuses local bank of frustrating attempts at divestment

The government already controls 25 per cent of the ECAB and Browne said “they continue to frustrate the government for years now.

Regulation, Risk & Compliance