Carey Olsen has been confirmed as the leading legal adviser to Jersey's investment funds sector in the latest edition of independent industry research group Monterey Insight's annual Jersey Funds Report.
Legal & Regulation
The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has responded to the EU’s proposals for a Digital Operational Resilience Act (DORA) for Financial Sectors.
Carey Olsen has been confirmed as the leading offshore law firm for London Stock Exchange (LSE) clients for the 15th year running in the latest edition of the Corporate Advisers Rankings Guide (CARG), which shows the firm now advises 91 LSE clients - 80 more than in 2005 when the guide was first published.
The ID Register has been licensed by the Guernsey Financial Services Commission to carry on Controlled Investment Business. As a global hub for investor onboarding and registration, regulation supports the ID Register's single-sign-off service for investors, funds and service providers alike.
Japan’s asset management firms are under pressure from domestic policymakers and foreign investors to improve the sector’s gender diversity, as Tokyo attempts to reinvent itself as a hub for the global finance industry and stave off expectations of a shrinking labour population.
As the hedge fund industry continues to grow and mature, managers are considering options beyond the traditional hedge fund structure. To this end, the managers and their service providers must be flexible and nimble to create custom solutions for the benefit of all parties involved.
Despite an unprecedented number of new regulations being introduced into the Cayman Islands over the past 18 months, the jurisdiction has shown itself to be remarkably resilient, with the Islands’ funds industry in particular rising to the challenge and demonstrating its adaptability and flexibility.
By Jude Scott, CEO, Cayman Finance – As the unprecedented year that has been 2020 draws to a close, we can look to the year ahead with some optimism. That’s in part due to the resilience of the Cayman Islands financial services industry, which continues to meet evolving global best practices.
By A Paris – In what has been a rollercoaster year from all perspectives, 2020 saw the Cayman Islands being first placed on the European Union blacklist in February, followed by its removal from said list in October, after it made improvements to its tax framework.
By Jude Scott, Cayman Finance – In August 1864, 900 miles almost due North of the Cayman Islands, US Navy Rear Admiral David Farragut faced a pivotal moment. Leading a squadron charged with attacking Confederate forces in Mobile Bay, Alabama, Farragut’s flotilla encountered tethered mines known then as “torpedoes” which ultimately threatened his mission and his men. Acting decisively to navigate around the threat and pursue his objective, Farragut uttered the phrase that has now passed into military lore: “Damn the torpedoes! Full steam ahead!”