Legal & Regulation

Guernsey’s Chief Minister voices support for greater global tax transparency

Wed, 15/05/2013 - 14:10

Ahead of the forthcoming G8 and G20 meetings on tax transparency, Guernsey’s Chief Minister Peter Harwood has set out the island’s leadership and track record on tax transparency. »

Nancy Curtin, chief investment officer of Close Brothers Asset Management

ECB rate cut is a step away from austerity but may not be enough, says Close Brothers

Fri, 03/05/2013 - 10:14

The European Central Bank’s move to cut rates is a positive step away from austerity and a step towards growth in Europe, according to Nancy Curtin, chief investment officer of Close Brothers Asset Management. »

UK Chancellor welcomes huge step forward in global fight against tax evasion

Thu, 02/05/2013 - 16:21

Chancellor of the Exchequer George Osborne has welcomed news that all British Overseas Territories with significant financial centres have signed up to the government’s strategy on global tax transparency, marking a turning point in the fight against tax evasion and illicit finance. »

Tax crack down hits British overseas territories

Thu, 02/05/2013 - 15:17

Andrew Watters (pictured), director and tax expert at leading national law firm, Thomas Eggar, on the latest international drive against tax evasion and the use of tax havens… »

Guernsey’s Chief Minister backs G5 pilot

Thu, 02/05/2013 - 12:20

Guernsey's Chief Minister Peter Harwood has written to UK Prime Minister David Cameron welcoming the “G5 pilot” on multilateral automatic information exchange for tax purposes as the next step in creating common global tax standards. »

Geoff Cook, chief executive of Jersey Finance

Jersey government, industry and regulator to act together on research findings

Wed, 01/05/2013 - 10:26

States members and senior representatives of the finance industry have been briefed on the findings of a detailed research project undertaken to consider the future direction of Jersey’s finance industry. »

FCA sets out new rules for the platforms industry

Mon, 29/04/2013 - 14:25

The Financial Conduct Authority has published rules to make the way that investors pay for platforms more transparent. »

FCA fines EFG Private Bank GBP4.2m over anti-money laundering controls

Mon, 29/04/2013 - 10:19

The Financial Conduct Authority (FCA) has fined EFG Private Bank GBP4.2m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers. »

Platform cash rebates ban will increase cost and complexity for fund managers

Fri, 26/04/2013 - 16:07

The Financial Conduct Authority’s decision to ban cash rebates on new business from 2014 and legacy business from 2016 for investment platforms will increase complexity for fund managers and put further downward pressure on their charges, says Deloitte, the business advisory firm. »

Cayman's Premier Juliana O'Connor-Connolly

Cayman commits to G5 multilateral exchange pilot

Fri, 26/04/2013 - 14:01

The Cayman Islands has indicated to the UK government that it is committed to joining the G5 pilot, recently announced by the UK, France, Germany, Italy and Spain, on multilateral automatic exchange of tax information. »