Managers of Wealth Offshore

Regulatory & Risk Advisory Review: Cayman Islands – August to October 2023

The FATF announced its decision to remove the Cayman Islands from its list of jurisdictions subject to increased monitoring on 27 October 2023.

BoJ Monetary Policy Committee holds policy interest rate at 7%

Downside risks to this outlook include fiscal measures to counteract the inflationary pressures from recent regulated price increases....

Commission Fees for 2024

The consultation period ran for eight weeks, until 20 September 2023

An exercise in understanding risk and upholding standards

On-site visits are used to gather evidence through interviews with stakeholders in the public and private sector and assess the impact.

Bittrex Global to fold

At the time, Mr Burt said the company had six full-time Bermudian staff on-island.

Guernsey’s pioneering approach to the developing role of captive iNEDs

Julia explained that the role comprises helping to govern, lend experience and knowledge, and to be abreast of current developments in the industry. 

GIBA confirms support of funding for Guernsey Finance

The work of Guernsey Finance also helps to ensure bodies such as CityUK, the BVCA and the City of London Corporation understand the role the island plays in the flow of capital around the world and its value to the UK business community.

Guernsey pension funds: hedging longevity risk

Several insurance managers have established their own incorporated cell companies to facilitate longevity risk transfer transactions for their clients.

Upgrades to Guernsey Registry IT

The changes should all be completed before annual validations have to be submitted.

Aligning sales with compliance in the financial services sector

Sales strategies of some financial institutions may be out of step with trends in consumer behaviour

Government collaborating on banking access solutions for the Family Islands

Cooper, the Exuma and Ragged Island MP, spoke at the opening of Fidelity Bank on Exuma and noted that the island has been witnessing significant progress, with full employment and a desire for new investments.

Regulators urged to take action over insurance protection gap

There is a growing consensus for a need to close that gap by managing the impact of factors such as climate change to improve the future of more of the world’s communities.

BOJ rolls out counterfeit banknote detection campaign

The counterfeit campaign comes as banking institutions make headway on retrofitting their machines to accept and dispense the polymers.

New crypto-assets regulation discussed at MFSA conference

500 participants from over 25 European supervisory authorities

TCFD reporting for private capital firms

Private capital has an important role to play in the transition to a greener future and helping plug this evident investment gap.

Government delivering over $1.5 billion in new projects for Grand Bahamians says PM

Prime Minister Davis remembered Wilchcombe as “a true statesman with a heart for the people.

LMA Guide to Sustainability-Linked Leveraged Loans

This follows revisions to the Sustainability-Linked Loan Principles ("SLLPs") in February 2023.

Money market report for the week ended November 10, 2023

Information on ECB monetary operations and domestic Treasury bill market

Data Protection for Cayman Islands investment funds

Where a data controller engages a third party (such as an administrator or investment manager) to process personal data on its behalf, the data controller must ensure the third party complies with the eight data protection principles.

Collas Crill Advocates admitted to Guernsey Bar

Before joining Collas Crill Amy spent two years specialising in financial crime prevention at a private bank.

Regulation, Risk & Compliance