June 20, 2021

The growth of shadow banking and the impact on the UK potentially shady

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From The Market Mogul ‘Shadow banking’ globally has increased after a liquidity crunch following the financial crisis in 2008. The contagion caused by the collapse of Lehman Brothers, led to traditional banks around the globe pulling back their credit lines, resulting in small and medium sized businesses turning to ‘Other Financial Institutions’ or OFIs in […]

Luxembourg lurks in dark as regulators light up shadow banking

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By John Glover and Donal Griffin From Bloomberg Grand duchy didn’t share non-bank monitoring data with FSB Shadow banking surges to 69% of GDP of biggest countries: FSB Luxembourg, the home of European Commission President Jean-Claude Juncker and of the European Union’s biggest fund industry, remains in the shadows. The grand duchy didn’t contribute to […]

A Caribbean banking agency in the US: a further step to independence

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By Sir Ronald Sanders From Caribbean News Now Caribbean governments, indigenous banks and offshore banks located in the Caribbean are extremely concerned about the withdrawal of correspondent relations from Caribbean banks by banks in the United States of America (US). Caribbean heads of government at a meeting in Belize in February made their concern very […]

Alexander Litvinenko poisoning ‘probably approved’ by Putin

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From Newsmax The radiation poisoning of former KGB agent Alexander Litvinenko in London in 2006 was “probably approved” by Russian President Vladimir Putin, a British judge said Thursday at the conclusion of a public inquiry into the spy’s agonizing death. “The FSB (Russian security agency) operation to kill Litvinenko was probably approved by Mr Patrushev […]

FSB endorses Cayman, BVI & Ireland for Regulatory and Supervisory Standards

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Article by Arabella di Iorio, Martin Livingston and David Nolan From Maples & Calder To cap off another successful year for standards in transparency and cooperation, the Cayman Islands, British Virgin Islands (“BVI”) and Ireland were recognised by the Financial Stability Board (“FSB”) as jurisdictions that have sufficiently strong adherence to internationally agreed information exchange […]