Updates further enhance Cayman’s appeal

The Cayman Islands has for decades been one of the world’s leading banking and financial centers, currently ranking as the fifth largest banking centre worldwide, with over 200 banks, including 40 of the world’s 50 largest banks, and over US$1.5 trillion in assets. 

 

Q&A: Fund administration in the Middle East

Apex Fund Services, among the world’s largest independent global fund administration businesses, recently opened an office in the Cayman Islands. Apex provides fund managers with access to key financial centres worldwide and its full suite of administration services, including real-time middle office service and range of fund platforms. CFR spoke with Group Managing Director Peter Hughes about Apex’s business in the Middle East.

National cryptocurrencies: Coming soon to a government near you?

Cryptocurrencies have seen their boom and bust. Many early adopters sought to use them as a means of circumventing traditional fundraising boundaries and norms....

Third Quarter 2013

Politics and Government, Judiciary and Financial services review from Editor Michael Klein. 

 

Cayman attractive for a new set of investors

There is an underlying disdain currently being expressed globally, especially within North America and Europe, with regard to the way they are being taxed, with rising taxes choking investment choices and stifling growth. Such pressures have encouraged investors to look for better ways to seek investment returns.  

 

Asset fire sales and purchases and the international transmission of financial shocks

Main Story: Grey Matters Pab Jotikasthira, Christian T. Lundblad & Tarun Ramadorai, Asset fire sales and purchases and the international transmission of financial shocks...

CIFSA: The road ahead

As the Cayman Islands Financial Services Association (CIFSA) celebrates its 5th anniversary as the central voice of the financial services sector in the Cayman Islands, it is only appropriate that we examine the work being performed by this association that represents such an important part of the Islands’ economy and discuss their vision for the future of the industry here.

The Financial Services Legislative Committee

Over the years, in fact for the whole period leading up to Cayman achieving its position as a leading offshore jurisdiction for institutional clients, one of our strongest selling points was that our private and public sectors worked together to draft bespoke legislation to meet the ever-changing needs of the financial market.

Reading money

One starting point for thinking about the future of money is to consider its past. For those interested in the history of money, there is no better place to start than the works of economist Barry Eichengreen (University of California at Berkeley).

Prosecuting money laundering offenses in the Cayman Islands: A balancing act

All thieves tend to spend the proceeds of their if they can before being apprehended. Alleging that they are also money launderers...

White List, will the Cayman Islands remain a key player in investment funds?...

There has been a great deal of attention focused on the Cayman Islands these past few months, more so than usual. Much of the debate as to what to do about the so called ‘tax havens’ has ranged from the White House, the G8 and the G20 to the Organisation for Economic Co-operation and Development.

The role of international finance centers in the PRC

There are many myths and misconceptions about the role that international finance centers, such as the British Virgin Islands and the Cayman Islands, play in international finance. Sadly, many common narratives about IFCs do nothing to dispel these myths. 

 

 

Will the trust revolution make lawyers redundant?

What differentiates modern economies such as those of present-day Europe and North America from their primitive ancestors of 500 years ago? People living today...

Grey matters

Read the article in the Cayman Financial Review Magazine CFR: Data privacy in financial affairs is important in large part because we worry what governments...

About CICA

Back to Main Story: The Age of Compliance  CICA’s key objectives remain the same since inception:Provide members with information and assistance to implement and maintain...

Does location matter?

The world has become global and this not only on business and private sides, but also family offices are seeking increasingly to get the most out of this international playing field at their hand.   

 

Quarterly Review

The Cayman Islands economy grew for the third consecutive year in 2013, but fell short of government’s expectation until the third quarter of last year.  The 1.2 percent gross domestic product growth at constant prices was less than the expected expansion of 1.5 percent for the year...

 

The Multilateral Instrument: Can the OECD improve international tax treaties?

Since the inception of the Base Erosion and Profit Shifting (BEPS) initiative, the Organisation for Economic Co-operation and Development has sought a means of...

2010 status of nanotechnology investing:

Premier news publications featured abundant and broad-reaching headlines about nanotechnology, including ‘Nanotechnology Provides New Approach to Drug Discovery’; ‘Magnetic Fields Created Using Nanotechnology Could Make Computers up to 500 Times Faster’; and ‘Nanotechnology Holds a Key to US Alternative Energy Goals’.

Out of line – Hanjin Shipping’s filing for receivership raises more concerns for the...

In late August, Hanjin Shipping, a South Korea-based containership liner company, filed for receivership in bankruptcy court in Seoul, a few days after its...
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