21 October 2020

Bank of England Interest Rates

On 12th October 2020, The Bank of England (“BoE”) published a letter requesting feedback in relation to any possible operational implications that firms would encounter if the Bank of England’s Monetary Policy Committee (“MPC”) implemented a zero or negative policy rate.  A copy of the letter is available here. Guernsey regulated firms should consider if there are …

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Sanctions Notice – Cyber-Crime

An asset freeze and travel ban have been imposed on two people and one entity under the EU’s cyber sanctions regime for their involvement in the cyber-attack on the German Parliament (Deutsche Bundestag) in April and May 2015. Individuals: Dmitry Sergeyevich Badin and Igor Olegovich Kostyukov. The EU regulation can be found here: Council Implementing Regulation (EU) 2020/1536. It is …

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