Representatives from Jersey are holding week-long meetings in Asia to promote the island as a well-regulated offshore international financial center.
The Global Financial Centres Index was released on September 19, 2019, charting the top onshore and offshore financial centers worldwide, and for the first time the most innovative financial technology hubs.
The UK Government has newly tabled two regulations that are intended to ensure that Gibraltar-based financial services firms continue to have access into UK markets, once the UK leaves the EU, in a no-deal scenario.
Barbados’s Minister of International Business and Industry, Ronald Toppin, has confirmed that the territory will soon repeal a number of tax measures that are considered to be contrary to new international standards on harmful tax regimes.
Hoping to establish itself as a pioneer in the use and development of blockchain technology, the Dubai International Financial Center has announced its Courts are to work towards the creation of the first „Court of the Blockchain,“ involving work on how blockchain technology can be used to enforce court rulings and separately on the resolution and mitigation of disputes concerning blockchain-enabled contracts.
The People’s Bank of China has committed to putting forward measures to significantly open China’s financial services industry to foreign competition, following an announced commitment to do so from President Xi Jinping.
Abu Dhabi Global Market, the international financial center in Abu Dhabi, and Georgia’s Anaklia Special Economic Zone, located on the Black Sea, have agreed to collaborate on initiatives to bolster growth in their respective financial markets.