The Isle of Man's Treasury Minister Eddie Teare has said that the forthcoming budget will see the most dramatic changes to the Manx government since the introduction of the Ministerial system over 30 years ago, as part of a retrenchment package to make government finances sustainable. Read Full Story
The Isle of Man and Jersey have announced that they are to draft legislation designed to stop creditors, including so-called 'vulture' funds, from using the territories' judicial systems to undertake 'inequitable' transactions whereby the debts of heavily indebted poor countries are bought for a fraction of their price only to for them to be pursued for full value plus interest. Read Full Story
The Isle of Man Financial Supervision Commission on Januay 27, 2012, published a revised version of its Training and Competence Framework. Read Full Story
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