Bank Aston to be first locally licensed Guernsey bank in 30 years

Bank Aston obtains banking licence in Guernsey

The Guernsey Financial Services Commission has issued a banking licence to Aston (Guernsey) Limited, although it will not be able to accept deposits until certain prerequisits outlined by the Commission are met. The authorised entity will be known as Bank Aston – claimed to be the first local bank to open for some 30 years, and one that will target the offshore market. Figures cited alongside the news of becoming authorised suggest that there ar…

Bank Aston to be first locally licensed Guernsey bank in 30 years

Bank Aston has secured a banking licence from the Guernsey regulator that will make it the first locally licensed bank in the jurisdiction within 30 years. Bank Aston positions itself as a specialist provider for offshore trustees, investment funds, and family offices, which are key sectors in the Channel Islands’ financial services industry. The firm is hoping to reinvigorate the offshore sector, which has £800bn in assets under management and …

Bank Aston receives licence from Guernsey banking regulator

Bank Aston has been authorised to launch a new offshore bank by the Guernsey Financial Services Commission. The Guernsey Financial Services Commission (GFSC) has granted Bank Aston a banking licence. The licence is subject to conditions during Bank Aston’s launch phase. James Bennett, Bank Aston Co-Founder, said: “Banking is becoming a huge problem for offshore institutions. They face increasingly slow approvals, poor customer services and eye-w…