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There has been significant media coverage regarding the Inland Revenue’s seemingly continual attack on EBTs in recent months. Following the outcome of the Dextra/Caudwell case in July 2002 (in which the Revenue lost on all 4 counts), new legislation effecting the tax treatment of contributions to an EBT was introduced in the Pre-Budget Statement (November 2002)

Ian Kirk, partner and head of Collas Crill’s Commercial Department, chaired the panel discussion of the first Guernsey Financial Services Commission-led Internal Capital Adequacy Assessment Process workshop for Non-Executive Directors earlier this year.

Guernsey Finance serves as the official promotional body for Guernsey's international finance sector, operating as a collaborative initiative between government and industry stakeholders. The organization works to enhance Guernsey's global reputation and facilitate connections within the international financial services community.

The Treasury and Resources Department at the States of Guernsey has progressed preparations for the issuance of an inaugural States of Guernsey Bond.

Deposits held by Guernsey banks grew a further £10.3bn (8.7%) during the first three months of the year. That increase means that the total value of deposits reached a new record high of £129.5bn at the end of March 2008 – an increase of £24.2 (23%) year on year.

Guernsey’s Finance Sector Code of Corporate Governance came into force on 1 January 2012.

Last year Butterfield bought Deutsche Bank's trust business in Guernsey, Cayman Islands, Switzerland, Singapore and Mauritius.

The international credit rating agency, Standard& Poor's, has assigned Guernsey a high grade AA+ credit rating and has confirmed that the outlook is stable.

RBS International has completed a multi-million pound revolving credit facility for a Guernsey-based debt fund.

The appointment of a provisional liquidator is not often pursued as the practical implications are draconian: directors lose the ability to control and manage the company's affairs.

The stability of Guernsey's financial environment is demonstrated by the robust status of its bank deposits, according to Dominic Wheatley, Chief Executive of Guernsey Finance.

The merger of Guernsey-based Praxis Group and Jersey-based IFM Group to create one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands has been given regulatory approval.

Guernsey bank Skipton International retained its title of best offshore account provider at the 2017 Moneyfacts Awards.

The international credit rating agency, Standard & Poor’s, has updated its rating of Guernsey following December’s £330 million bond issue for the inaugural States of Guernsey Bond.

Guernsey Finance has appointed Kate Clouston as its first Director of International Business Development.

RBS International has devised a tailored funding package to assist a client to launch a new Guernsey domiciled and administered fund.

Deputy Le Tocq’s meeting, which was alongside Jersey’s Chief Minister, Ian Gorst, came at the beginning of a series of engagements in Brussels.