Jersey

Jersey's finance industry continues to build closer commercial ties with Arab Gulf countries as its forthcoming delegation to the region will include signing a Double Taxation Agreement with Qatar.

Jersey has signed a Double Taxation Agreement (DTA) with Hong Kong, seen as another key step in growing business in the region.

Following the introduction of the streamlined regulatory regime in Jersey at the end of last month, the first fund is now launched investing in European real estate.

Jersey plans to make further inroads into the alternative funds sector with the introduction of its 'fast track' Private Placement Fund.

Jersey Finance has spoken out against Labour leader Ed Miliband's criticisms and calls to the EU to take action against all British Crown Dependencies.

Jersey-baed Santander Private Bank has sharpened its deposit interest rate offering saying it's responding to the "abnormally low interest rate environment" that has seen UK base rate remain stuck on its record low of 0.5% for nearly three years.

Standard Bank has appointed Seán Flanagan as Head of Compliance to develop and deliver the compliance capabilities of its its operations in Jersey, the Isle of Man and Mauritius.

Royal Bank of Canada (RB) Wealth Management has made several appointments to boost its onshore and offshore advisory services.

The newly formed wealth management group will use cutting edge technology and a contemporary approach to financial advice.

Jersey has signed a Tax Information Exchange Agreement (TIEA) with India, declaring the agreement a welcome development in the island's progress in establishing closer commercial ties with the country.