Riding the regulation wave

It has been a transitional period for many offshore jurisdictions, including the British Crown Dependencies, at a time when competition for quality business has also intensified. Considerable time and resources have been set aside to meet stringent new regulatory requirements in the wake of the increasing terrorist threat, to secure international agreements and to satisfy the external scrutiny of the international community. The trend to enforce additional regulation on jurisdictions, both onshore and offshore, and the resulting cost of compliance alone is leading some financial services ...