BRICS challenge the US dollar’s status
By Ashish Advani From Moneynews I have often spoken to you about the health of the U.S. dollar and how it is failing. The state of the U.S. fiscal deficit is the prime cause of the ill-health, as the deficits…
FATCA is here but are systems fit for purpose?
The introduction of additional layers of complex regulation has led to financial institutions deploying a variety of systems to deal with new processes and procedures in order to remain compliant. In the article below, Chris Eaton of Blue Bison Software…
Expat guide to money management
From HSBCI n association with the Guardian Your money and the cost of living As an expat, or even as a potential expat, you’ll know that along with all the other things you have to think about when you’re setting…
Are Europe’s banks being prosecuted – or persecuted?
By Jamie Robertson Presenter, BBC World News From BBC Even BNP Paribas cannot shrug off a $9bn (£5.1bn) fine. The bank is the fourth biggest by assets in the world and has been found guilty of violating US economic sanctions…
Launch of new Inter Caribbean airline/Direct air link Nigeria-Jamaica
Launch of new Inter Caribbean airline From Indiegogo Who we are Phoenix Airways. is a new regional airline in its formative stages. It is being organized to take advantage of a specific gap in the short-haul travel market, throughout the…
Anthony agonises over ways to cut St Lucia fiscal deficit
From Caribbean360 CASTRIES, St. Lucia, Friday July 4, CMC – The St. Lucia government says it is important to reach a consensus with the public sector unions on ways of dealing with the current EC$76 million (One EC Dollar =…
Cayman equity funds/Grenadians urged to accept sacrifices
Private equity funds in the Cayman Islands From Mourant Ozannes Introduction This briefing explains the attractions for international managers, sponsors and investors of the Cayman Islands as the jurisdiction in which to domicile a private equity fund. The terms “private…
Trust litigation/Immigration aid
Beware of the ‘Blue Vase’ syndrome: Trends in trust litigation By Shân Warnock-Smith QC, ICT Chambers, Cayman Islands, and 5 Stone Buildings, London From IFC Review Rows about family trusts and estates have always been with us and always will…
Cayman PS rationalisation/Grenada’s $12.7M credit facility
EY continues stakeholder consultations GRAND CAYMAN, Cayman Islands – Ernst & Young (EY) resumed stakeholder consultations on Monday, 23 June 2014 as the second phase of their engagement process with the Public Services Rationalisation Project (PSRP). The latest round of…
Freedom of Information needed/IMF warns tax avoiders
Scathing US critique highlights the need for Freedom of Information By Branville McCartney, DNA Leader The recently released US State Department Report on the Investment Climate in the Bahamas is yet another scathing indictment of this PLP administration’s failure to…
