Last year the Isle of Man Financial Supervision Commission was asked by the Government to undertake a...
Last year the Isle of Man Financial Supervision Commission was asked by the Government to undertake a thorough strategic review of all of the island's financial activities. This coincided with a request from the Bank of Ireland to research the establishment of the world's first totally independent offshore internet bank - which was subsequently to become Fsharp. The bank formally opened its doors to new clients in September 1999. The Bank of Ireland identified a key market segment for this service - the English-speaking expatriate market. The main challenge for the commission was to fash...
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