guernsey financial services commission appoints
The Guernsey Financial Services Commission has announced a successor to its director general Nik van Leuven who is due to retire in June.
Guernsey
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still a future for banking on guernsey
Yesterday’s news that Guernsey’s Clydesdale Bank International is to add its name to the growing list of banks that have surrendered their licences on the island since 2008 may have cast a pall over St Peter Port, but executives of at least one Guernsey bank insist that reports of the industry’s demise have been exaggerated.
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clydesdale bank intl latest to pull out of
Clydesdale Bank International, the Guernsey-based offshore arm of Clydesdale Bank, is closing to new business with immediate effect, following a review of the business.
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guernsey foundations law to go live tomorrow
Guernsey has caught up with the two other crown dependencies on foundation law, following the island registry’s announcement that it is ready to accept registration of its first foundations from tomorrow.
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crown dependencies meet uk treasury officials
The Governments of Jersey, Guernsey and the Isle of Man issued statements late this afternoon saying that they had met with UK Treasury officials about the possibility of extending the principles behind FATCA "to an exchange of information” with Britain.
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jersey fsc releases rdr consultation results
The Jersey Financial Services Commission has published the results of its consultation on a review of the island’s financial advisory industry, ahead of the 2014 start date for implementing the recommended changes.
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guernsey attracts more than 100 intl
More than 100 new international insurance companies were established in Guernsey over the past twelve months, according to figures released this week.
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guernsey finance spotlights russian connections
Russian high net worth individuals and their advisers are increasingly aware of Guernsey as a centre for wealth management services, according to Fiona Le Poidevin, chief executive of Guernsey Finance.
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guernsey bank deposits up in q2 but still down
Guernsey bank deposits grew by £2.1bn (2.1%) in the second quarter of the year but the total value is still down since both the start of the year (£4.4bn) and as at the end of June 2011 (£10.7bn).
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eu code group approves guernseys zero 10
Guernseys revised zero-10 corporate tax regime has been given a clean bill of health by the European Union, ending almost three years of uncertainty.
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guernsey funds in q2 show slight rise
The value of funds business in Guernsey grew by £711m (0.3%) during the second quarter of the year, to take the total net assets to £270.8bn at the end of June 2012.
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guernsey lawmakers approve foundations
Members of the States of Guernsey assembly this morning have given the go-ahead to legislation aimed at enabling trust advisers on the island to offer foundations to their clients.