A new EU rule set to take effect January 11, 2027, will require non-EU banks providing certain core banking services to clients in the bloc to operate through an authorized European presence unless an exemption applies. Starting January 11, 2027, banks headquartered outside the European Union will generally no longer
The Caribbean offers one of the most established banking systems among island economies. With dozens of independent states and a wide range of financial institutions, both residents and foreign investors can access banking services under clear procedures. Banking Landscape in the Region Across 35 independent Caribbean countries there are about
As cross-border banking continues to evolve, the Eastern Caribbean region has positioned itself as a discreet but highly efficient base for international trading operations. Known for its stable currency union, investor-friendly jurisdictions, and increasingly digital infrastructure, the region offers compelling options for traders, wealth advisors, and institutions seeking diversified banking
Expert Tax Insights: Peter Ferrigno Analyzes the UK’s 2025 Tax Regime Shift The UK’s 2025 tax reforms for non-domiciled individuals have sparked global concern, particularly among high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). During the Hubbis Digital Dialogue on April 24, 2025, Peter Ferrigno, Director of Tax Services at Henley
In a decisive regulatory action, the Eastern Caribbean Supreme Court has placed Bank of Asia (BVI) Limited into provisional liquidation, effective May 28, 2025, following a petition filed by the British Virgin Islands Financial Services Commission (FSC). This intervention, publicly disclosed by the Virgin Islands Deposit Insurance Corporation (VIDIC), activates
The global elite known as centi-millionaires—those with at least $100 million in liquid investable assets—are rapidly reshaping cities, economies, and migration trends. With over 30,000 individuals worldwide now in this category, their growing influence is felt across investment markets, urban development, and even national policy. More Than Just Wealth: Centi-Millionaires
Dubai is now home to 81,200 millionaires, including 237 centi-millionaires and 20 billionaires, according to Henley & Partners’ World’s Wealthiest Cities Report 2025. The city recorded a 102% growth in millionaires between 2014 and 2024, making it the fastest climber in the rankings, jumping from 21st to 18th place globally
As regulatory pressures reshape the landscape of corporate lending, traditional banks have increasingly retreated from providing loans to businesses, particularly mid-sized ones. This pullback, largely driven by stringent capital reserve requirements under regulations such as Basel III, has created a significant lending gap that private credit lenders are now filling.
Ukraine is set to officially legalize cryptocurrencies by early 2025, according to Daniil Getmantsev, the head of the tax committee of the Verkhovna Rada. This upcoming legislation will establish a regulated framework for digital assets without providing any tax incentives, adhering instead to standard taxation practices similar to those applied
In the dynamic landscape of global finance, interest rates have played a pivotal role in shaping the strategies of private banking clients over the last year, according to Vipul Kapur, head of private banking at Mashreq. The surge in rates to multi-decade highs has seen clients pivot towards bank deposits,
