02/09/2017
Bespoke Brexit deal for financial services challenging
The only solution that could potentially take into account all those issues and sensitivities would be a bespoke deal for financial services.
Regulation, Risk & Compliance
02/09/2017
BVI continues to introduce positive regulatory developments
Last year the number of hedge fund launches globally fell by an estimated 40 per cent
02/09/2017
Central Bank expresses concern over Gibraltar passporting its services to Ireland
The Financial Services Commission is believed to have taken up the invitation to explain its processes to the authority.
02/08/2017
Collaboration with Local Intermediaries
The marketing and solicitation must be done by local licensed business operator within the scope of its license.
02/08/2017
U.K. Rejects Parliamentary Watchdog’s Tax Advice on Northern Rock
In a November report on the sale of former Northern Rock assets, the committee said U.K. companies faced paying more tax in the sale.
02/08/2017
EU Presidency releases plan to prevent multinational tax avoidance
Attention will also be focused on the improvement of EU dispute resolution mechanisms.
02/07/2017
Bank Growth Focus ‘Not The Way To Go’
Then you will have the niche players that use their services to support their clients.
02/07/2017
European Union: Restarting The Clock: Residency Solutions For Non-Doms
The government has stated that introducing the deeming rule in this way will allow those non-doms who are internationally mobile to continue to benefit from non-dom status
02/06/2017
Directors’ Compliance Statements under the Companies Act 2014
The new requirement for directors’ compliance statements should be welcomed
02/06/2017
Citizenship for sale controversy
The Cyprus property market could be hit by a fall in property prices if investors granted a Cypriot passport under the citizenship-for-sale scheme decided to sell their property after three years.
02/05/2017
Talks ongoing to amalgamate OECS indigenous banks
Antoine said there are ongoing amalgamation talks in some parts of the OECS.
02/03/2017
RBS’s private bank hit with £5m Swiss fine
As Coutts did not report any suspicions to the Swiss authorities until 2015.
02/03/2017
Barbados bonds in distress
Barbadian economist and financial analyst Professor Avinash Persaud issued that warning from London yesterday.
02/02/2017
IoM life industry discloses extent of commission complexity
According to industry responses to a consultation paper.
02/02/2017
Caribbean Association Of Banks Urges Compliance With FATCA
The CAB strongly encourages the remaining Caribbean countries to ensure that their IGAs are in force by their extended deadlines
02/02/2017
JFSC focuses on shared responsibility for 2017 Business Plan
It would be focusing its regulation on the areas of greatest risk.
02/02/2017
FINMA sanctions Coutts for 1MDB breaches
When the account was opened, information was provided to the effect that USD 10 million would be transferred to it from the account holder’s family assets.
02/01/2017
Guernsey: Issues Affecting Investment Funds
This article begins to explore some of the more general issues to be aware of in relation to some problems concerning investment funds and funds in distress.
02/01/2017
The protected cell company turns 20
The Protected Cell Companies Ordinance, 1997, came into effect on 1 February 1997 for Guernsey’s captive insurance sector and was the first cell company legislation of its kind anywhere in the world.
02/01/2017
CAB voices support for National Bankers Associations on FATCA
Failure to do so, has far reaching implications for banks in terms of an increase in sovereign risk and its impact on their ability to conduct business.