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Whilst off shore banking has traditionally been viewed as suitable only for those possessed of significant wealth, today this myth has largely been debunked. Corporate and individual offshore banking has become commonplace and its benefits have become more attractive, especially in light of the current prevailing economic conditions. Here Offshore Resource provides you the essentials you should familiarize yourself with before you open an...more
Specialists at offshoreresource.com have concurred with the idea of a pan-European authority whose main task would be to deal with failed banks in a concerted effort to reduce strains on the regions post-crisis banking system. The proposal is rapidly gaining traction among economists and finance ministers throughout the European Union.Dominique Strauss-Kahn, the head of the International Monetary Fund (IMF), said that existing mechanisms for coping with the potential fallout from failed cross-border banks had clearly proved wholly inadequate. Offshoreresource.com, which enables individuals and businesses to take advantage of the attractive tax benefits available to investors in offshore jurisdictions, said that such an authority would be able to tackle issues far more quickly and prevent a repeat of the drastic measures taken by the regions governments to combat the debilitating effects should a similar crisis occur in the future. Europe needs a fire brigade, said Strauss-Kahn, to extinguish banking problems when they erupt, and intervene when things get out of hand.Strauss-Kahn described risk-taking as an intrinsic facet of banking and said that it was imperative that the...more
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