Articles from 2011

The States of Guernsey has adopted sanctions measures against certain persons and entities in view of the situation in Tunisia. A link to the States of Guernsey press release can be found at here.

​The Independent Commission on Equitable Life Payments (“ICELP”) The ICELP has just released its final advice to the Government “Equitable Life Payments Scheme: achieving a fair allocation and order of payments”. The recommendation is that the available £775m should be allocated to policyholders on a pro rata basis in proportion to the size of the Relative Losses suffered. This equates to 22.4% of...

The States of Guernsey has renewed the sanctions measures against Al-Qa’ida and Taliban and associated individuals and entities. A link to the States of Guernsey press release can be found here.

​The Commission and the States of Guernsey Commerce and Employment Department have jointly issued the following statement. Solvency II Position Statement1. The authorities in Guernsey have no plans to seek equivalence under Solvency II. 2. Guernsey remains committed to meeting internationally accepted regulatory standards as set by the IAIS and endorsed by the G20. In 2011 the IAIS standards will...

The IMF has today published six reports arising from its evaluations in March and May 2010 of the Bailiwick’s financial supervision and criminal justice frameworks. The reports commend Guernsey as having financial sector regulation and supervision of a high standard across all sectors, and a legal framework which provides a sound basis for an effective AML/CFT regime, with preventive measures...

​ The IMF has today published six reports arising from its evaluations in March and May 2010 of the Bailiwick’s financial supervision and criminal justice frameworks. The reports commend Guernsey as having financial sector regulation and supervision of a high standard across all sectors, and a legal framework which provides a sound basis for an effective AML/CFT regime, with preventive measures...