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.
Regulation, Risk & Compliance
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.
05/19/2023
Total Solutions Group achieves software provision certification
This certification underpins the company’s commitment to ensuring operational best practice and information security management across the solutions it delivers
05/19/2023
BVI Annual Return
The annual return takes the form of a simple unaudited balance sheet/statement of financial position and an income statement.
05/19/2023
Island Development Plan review
The IDP is valid for 10 years
05/18/2023
Cayman AEOI: What Investment Managers Need to Know about FATCA and CRS Reporting
The Maples Group has deep experience in providing up-to-the-minute legal advice and financial services solutions that support compliance with regulatory requirements under AEOI.
05/18/2023
CIMA Updates and Extends the Scope of Its Corporate Governance Guidance
As a leading global fund domicile, the Cayman Islands continues to enhance its regulatory regime
05/18/2023
French SCPIs Investing in Irish Property
SCPIs, as non-Irish entities, may wish to consider whether their Irish tax treatment compares less favourably to a comparable Irish fund.
05/18/2023
Bahamian Banks and Trust companies excel in compliance study
Shadow shopping is a methodology whereby researchers simulate attempts to engage in illicit finance under natural conditions in order to observe the response of regulated firms.