05/25/2023
BOJ on track to issue new banknotes in June
The notes will sport a new design, and the material used should make them 50 per cent more durable.
Regulation, Risk & Compliance
05/25/2023
Government extends consultation period for Corporate Income Tax Green Paper
The Ministry of Finance last week released a Green Paper presenting four corporate income tax strategies for The Bahamas.
05/24/2023
Cutting costs: “Difficult and unpalatable decisions will need to be made”
“It will be those same Committees who will later be tasked with implementing the changes."
05/24/2023
Competition Regulator launches consultation on proposed acquisition of Airtel by Sure
Sure offered a number of conditions to mitigate the potential harm to competition from the Proposed Transaction
05/24/2023
Crown Dependencies announce joint approach to Pillar Two Framework
Guernsey, Jersey and the Isle of Man each intends to implement an "Income Inclusion Rule"
05/24/2023
Bermuda Extends Streamlined Actuarial Work Permits Pending Policy Review
The expedited process grants employers time-saving benefits
05/24/2023
Cayman Islands funds – CIMA regulatory measures update
This Rule requires that the operators of a regulated fund must meet at least once a year.
05/24/2023
BOJ: Wage hike for Jamaican politicians unlikely to drive inflation
The central bank estimates that the overall impact of wage increases, for both politicians and the public, on inflation is around 0.5 per cent.
05/24/2023
Cayman Islands Restructuring: Cross-Class Cram Downs and Competing Valuations
The Adler Group, a prominent German property group owning a rental property portfolio valued at c.€8 billion, faced a myriad of liquidity challenges following the impact of ratings downgrades, regulatory/bondholder scrutiny and short-selling pressure
05/24/2023
Seven years after the Panama Papers, the country sees a dramatic decrease in corporate registrations
A new study shows registrations going down and dissolutions going up in Panama
05/24/2023
TrustQuay and Viewpoint complete merger transaction
Customers will benefit from more capabilities and products, wider coverage of regulatory environments and enhanced global customer service.
05/24/2023
BMA pens rules for insurers’ recovery planning
“Ultimately, this should assist insurers in taking effective and thoughtful measures in a timely manner in crisis situations without unnecessary pressure.”
05/23/2023
BMA consults industry on new recovery plan rules
The BMA has published a consultation paper on its website, and now invites stakeholders to contribute their views on the proposed rules.
05/23/2023
States committees told to suggest savings ideas
Guernsey's States committees have been asked to come up with ideas to save money
05/23/2023
BMA approves LPT for Compre Group
The portfolio comprises large deductible and guaranteed-cost workers’ compensation policies.
05/23/2023
New Guidance for First-Time Buyers in Jersey - Who Qualifies?
In summary, a first-time buyer must have entitled residency status, must occupy the property as their principal place of residence and must not have owned residential property anywhere else in the world.
05/22/2023
Two Countries That Operate Without a Central Bank
In this article, we will explore two such countries that operate without a central bank, shedding light on their unique financial landscapes.
05/22/2023
BOJ expects inflation to rise, maintains policy rate at 7%
Key interest rate, which is the overnight rate that the central bank applies to funds deposited at the BOJ by banking institutions, has sat at 7.0 per cent since 2022.
05/22/2023
The BVI Civil Procedure Rules Undergo Significant Amendment
The significance of the Amended CPR coming into force is that with effect from 31 July 2023
05/22/2023
Compre’s Pallas Re buys SUNZ workers’ comp book
The portfolio comprises large deductible and guaranteed-cost workers’ compensation policies.