Business

The British Virgin Islands Financial Services Commission (the “Commission”) is advising all industry practitioners that its new Authorisation and Supervision Division becomes fully operational effective Friday, 01 July 2022. The new structure transitions the Commission’s supervisory framework from product[1]based supervision to risk-based functional management, allowing the Commission to enhance oversight of regulated businesses and individuals … Continued

The British Virgin Islands Financial Services Commission (the “Commission”) has confirmed the appointment of Mr. Glenford Malone as Deputy Managing Director, Regulation with effect from 01 January 2022. The Deputy Managing Director, Regulation is the Commission’s chief regulatory officer responsible for implementing the Commission’s overall regulatory strategy. Mr. Malone has over twenty years of experience … Continued

BVI Finance launched a fact-based content series to showcase the full picture of the BVI’s Financial Services industry called, BVI360. BVI Finance CEO Elise Donovan stated that the purpose of the series comes at an appropriate time, given the ongoing conflict and increasing inflation across the world, where many leading economists are predicting a global … Continued

As the Virgin Islands’ economy bounces back from the pandemic recession over the past two years, the rise in the costs of goods and services has hit small- and medium-sized businesses severely as they continue to work hard to return to their normal operations. Interruptions in global logistics and supply chains have significantly impacted consumer … Continued

The British Virgin Islands Financial Services Commission (“the Commission”) announces the appointment of Mr. Shane Baptiste as the Commission’s new Asia Representative at BVI FSC (HK) Ltd., with effect from 01 July 2022. Mr. Baptiste replaces Mr. Burton Chalwell, who returns to the Commission after his tenure ends on 30 June 2022. As Asia Representative, … Continued

Republic Bank (BVI) Limited (RBVG) is advising its customers that its conversion from the Banking Systems of Bank of Nova Scotia (BNS) to Republic Financial Holdings Limited’s (RFHL) suite of technology platforms is set to take place on April 4, 2022. To facilitate this conversion, the Bank’s operations will experience some temporary changes, including the … Continued