08/04/2023
Shake-up at the top of Vesttoo over growing scandal
But a brewing scandal, which has brought an FBI investigation could lead to the ouster of company co-founders.
Regulation, Risk & Compliance
08/04/2023
Commission granted leave to appeal
The Commission has been granted leave to appeal the judgment of LB Marshall KC in the case of Domaille, Clarke & Hannis and the Guernsey Financial Services Commission.
08/04/2023
Landmark regulation case heading for appeal
She has granted leave to appeal in a case which will continue to be watched by industry, saying that there will be a public interest case in many of the issues raised by the commission.
08/03/2023
Insurers insist they cannot give contractors annual insurance policies
Insurance association insists there are 'extremely valid reasons' for its position
08/03/2023
Fitch: Prudential financial transactions to have favourable longer-term impact
The block of business represents approximately one-third of Prudential’s in-force guaranteed universal life statutory reserves.
08/03/2023
FirstCaribbean to raise interest rates on borrowing again
CIBC FirstCaribbean noted that any customers that have queries should contact their Branch or Relationship Manager.
08/01/2023
Consultation on increasing Recognized Auditor Fees by 20%
This increase is in-line with the other Crown Dependencies and our Business Plan.
08/01/2023
IMF gives Malta top billing for data transparency standards
Malta becomes 31st country to adhere to IMF's SDDS Plus
08/01/2023
New rules likely for distributing unclaimed millions from funds
Unclaimed monies are sitting in 11.5% of older, open-ended funds, and only 2% of closed-ended schemes
08/01/2023
Quarterly round-up of the recent investment funds updates in Guernsey
The Commission’s latest annual report highlights the increased risks faced by the financial services sector
07/31/2023
Cayman mortgage rates going up again
There’s some temporary respite for homeowners, already struggling to cope with rocketing mortgage repayments
07/31/2023
Fundraising slowdown and the rise of private credit
In a bid to stem rampant inflation, central banks across the world have been busy raising interest rates.
07/31/2023
Bermuda Public Companies Update, Summer 2023
Global merger and acquisition deals suffered a record decline in the first half of 2023.
07/31/2023
Update to Jersey's law on the probate offence of intermeddling
It is not obligatory to release estate up to £30,000 without a Grant
07/31/2023
Central Bank discussion paper on a macroprudential policy for investment funds
The purpose of this Paper is to advance the debate on a potential future approach to the development and operationalisation of a macroprudential framework for the investment funds sector.
07/28/2023
Luxembourg Investment Fund Changes
The Law amends the four laws currently regulating investment funds, more commonly known as the 'product' laws.
07/28/2023
Government to set up climate change authority
After power cut crisis, Prime Minister announces government will be doubling its investment in the country’s distribution network
07/28/2023
Bahamas’ public service payroll system leaks millions in overpayments
Wilson shared that there are instances of employees who have been receiving a paycheck for decades, even though there is no record of their service or productivity.
07/28/2023
St Kitts and Nevis announces further monumental changes to its Citizenship by Investment Programme
All background due diligence checks will be commissioned by the Citizenship by Investment Unit
07/27/2023
Guernsey States staff to get 5.8% pay rise in 2024
The States announced the RPIX between April and June was 6.8%, 0.2% lower than June 2022.