Tag: Guernsey Finance

Guernsey named Europe’s best captive domicile for third straight year

Guernsey named Europe’s best captive domicile for third straight year

| January 28, 2015 | 0 Comments

Guernsey has been crowned European domicile of the year for the third successive year at the UK Captive Services Awards 2015. The awards, now in their third year, formed part of the Captive Live UK 2015 Conference and also saw Malcolm Cutts-Watson, the former Chairman of the Global Captive Practice for Willis internationally and a […]

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Guernsey enhances its leading position for non-UK LSE listings

| January 27, 2015 | 0 Comments

Guernsey has more non-UK entities listed on the London Stock Exchange (LSE) than any other jurisdiction globally, according to new figures from the market authority. LSE data shows that at the end of December 2014 there were 122 Guernsey-incorporated entities listed on the Main Market, the Alternative Investment Market (AIM) and the Specialist Fund Market […]

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Guernsey closes year just short of 800 international insurers

| January 23, 2015 | 0 Comments

The Guernsey Financial Services Commission (GFSC) licensed 85 new international insurers during 2014. This includes eight limited companies, three Protected Cell Companies (PCCs), 54 PCC cells, five Incorporated Cell Companies (ICCs) and 15 ICC cells. Further data on the 85 licensed entities shows that their owners’ originate from a range of locations, including the UK […]

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Guernsey funds technical masterclass proving popular

Guernsey funds technical masterclass proving popular

| January 15, 2015 | 0 Comments

More than 300 delegates have signed up to attend the Guernsey funds technical masterclass in London at the end of the month. The event, which takes place at the British Museum on Wednesday 28 January, will showcase Guernsey’s funds offering and demonstrate how the Island is positioning itself amid the latest regulatory issues. The event […]

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Guernsey funds sector demonstrates stability over third quarter

Guernsey funds sector demonstrates stability over third quarter

| December 11, 2014 | 0 Comments

Guernsey’s financial services regulator has approved 42 new investment funds for the second quarter in succession, resulting in a total of 140 additions during the 12 months to the end of September. Figures from the Guernsey Financial Services Commission (GFSC) show that 30 new funds were approved during the fourth quarter of 2013, 26 in […]

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Meeting of the Crown Dependency Regulators

| November 17, 2014 | 0 Comments

The Boards of the financial services regulators in Guernsey, Isle of Man and Jersey met on 5 November 2014. The meeting provides an annual forum for members of the respective Boards to meet and discuss common issues affecting the Crown Dependencies and to share their regulatory knowledge and experience. On this occasion the meeting was […]

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Guernsey banking deposits grow in Q3

| November 17, 2014 | 0 Comments

The value of deposits held by banks in Guernsey grew by £3.5 billion (4.5%) during the third quarter of the year. Figures from the Guernsey Financial Services Commission (GFSC) show that the value of bank deposits reached £80.9 billion at the end of September. This is still around £3 billion lower than the same time […]

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Guernsey’s funds offering to be given technical analysis

| November 17, 2014 | 0 Comments

A technical showcase of Guernsey’s funds offering and how the Island is positioning itself amid the latest regulatory pressures will be the focus of a funds masterclass in London at the start of next year. The event, which takes place at the British Museum on Wednesday 28 January, features a panel debate comprising leading figures […]

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FirstRand secures Guernsey banking licence

| October 29, 2014 | 0 Comments

Major South African banking group, FirstRand, is to open a Guernsey branch. The Guernsey Financial Services Commission (GFSC) issued a deposit-taking licence to FirstRand Bank Limited Guernsey branch on Friday 17 October. The new banking operation will trade as FNB Channel Islands and will launch formally next year. The bank enhances FirstRand’s presence in Guernsey […]

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New Guernsey Finance Chief Executive is named

New Guernsey Finance Chief Executive is named

| October 20, 2014 | 0 Comments

The Board of Guernsey Finance has announced today that Dominic Wheatley will be appointed as Chief Executive with effect from 1 December.  Mr Wheatley will replace Fiona Le Poidevin, whose resignation was announced in July. Mr Wheatley has more than 25 years’ experience in the international financial services market in the UK and Guernsey, most […]

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