November 17, 2014
The Bank of England Financial Policy Committee’s (FPC) recently published review on the role of the leverage ratio in the UK proposes moving ahead of international standards to introduce new requirements for the biggest UK banks and building societies from next year. It recommends those banks eventually meet a ‘static’ requirement of up to around…
Read More
November 17, 2014
The Single Supervisory Mechanism (SSM) formally opens for business today. For months, supervisors and banks have been preparing for the transfer of supervisory responsibilities to the European Central Bank (ECB). Yet the 4 November milestone is just the start of a much longer, possibly testing journey for all involved. Over time, the SSM will change…
Read More
November 17, 2014
This publication provides a brief overview of the expected impact on entities incorporated in the Cayman Islands of (a) the foreign account tax compliance provisions (“FATCA“) of the Hiring Incentives to Restore Employment Act, 2010 of the United States of America (the “US“); and (b) equivalent rules implemented in relation to United Kingdom (UK) taxpayers.…
Read More
November 17, 2014
Introduction As expected, there has been a marked increase in the level of regulation, regulatory supervision and regulatory sanctions in the wake of the 2008 financial crisis. Between 2008 and 2012 €1.5 trillion in state aid was introduced throughout Europe to prevent another financial crisis occurring. Regulatory enhancement is cyclical and, following a financial crisis,…
Read More
November 17, 2014
Guernsey has been home to listed investment funds since 1953 when the fund now known as Threadneedle UK Select Trust Limited was admitted to trading on the London Stock Exchange. Today Guernsey is the domicile of 70 investment funds which are listed on the London Stock Exchange which is more listed funds than all other…
Read More
