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FSB recognises Bermuda, BVI and Cayman for strong adherence to regulatory standards

The Financial Stability Board (FSB) has named Bermuda, the British Virgin Islands (BVI) and the Cayman Islands to its list of jurisdictions demonstrating sufficiently strong adherence to regulatory and supervisory standards on international co-operation and exchange.

In a report released last month, the FSB provided an update on its initiative to encourage global adherence to international standards, focusing on the areas of banking supervision, insurance supervision and securities regulation…

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