Articles

The cyber threat to banking

Christian Garcia is the President of the Gibraltar Bankers’ Association and also the Chief Financial & Operations Officer at Lombard Odier & Cie, Gibraltar Everything seems to indicate that going forward, the financial sector will continue to be challenged by…

Gibraltar As Gateway To Europe For Fund Managers – Large and Small

By Richard Bowry, Senior Associate at Hassans The transitional period for the Alternative Investment Fund Managers Directive (AIFMD) expired on 22 July 2014 and accordingly the non-UCITS funds industry in Europe is now governed by AIFMD. Gibraltar, as a member…

Fresh hope to overturn UK gaming tax after first court bid fails

Gibraltar’s “premier division” e-gaming community is taking a last roll of the dice in its bid to thwart UK plans to introduce a point- of-consumption tax for on-line bets from December by seeking a second Judicial Review. A High Court…

New players moving in on EU catastrophe cover

Gibraltar’s bid to capture a significant share of the expanding $US 7.5bn a year world market in Insurance Linked Securities (ILS) has been given a real boost, with news that a stock exchange is to be established and the arrival…

“The times, they are a-changing”

By Louis C. Montegriffo, Managing Director, BMI Group Or are they?? Don’t panic people, I am not about to take issue with civil rights movements, although to be fair, we could do with our own version of Bob Dylan singing…

New EU VAT rules causing concern

Local suppliers of electronic services are facing higher operating costs and a great deal of uncertainty as a result of new EU-wide rules on Value Added Tax (VAT), as business representatives discovered in early October when they joined a round…

Ready, Steady, Start-Up!

Eran Shay is the managing director of Benefit Business Solutions Ltd, a Gibraltar registered company that specialises in jumpstarting new businesses, through business plan preparation, market surveys, valuations, capital raising and outsourced CFO services. The company also provides local agent…

Balancing benefits and risks for supporting crypto currencies

With security, regulation and taxation issues to be considered, Gibraltar’s government is debating whether it should provide a home for rapidly growing virtual currencies, like Bitcoin. After UK Chancellor of the Exchequer, George Osborne, last summer prompted a Treasury investigation…

Motor rates to harden amid insurer woes

The UK personal motor market returned to underwriting profitability in 2013 for the first time in at least a decade, but this position is deemed unsustainable without price increases writes Saxon East and Ben Dyson from the Insurance Times Personal…