CAYMAN FINANCE NEWS


October 14, 2014
Cayman drops 11 places in financial center rankings

Posted by Cayman Compass The Cayman Islands dropped 11 places to rank 54th out of 83 financial centers in the latest Global Financial Centres Index. Cayman scored 23 points lower than in the previous ranking. The index is released twice a year and provides profiles, ratings and rankings for financial centers based on both instrumental factors and responses to an […]
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October 1, 2014
Cayman Finance questions GFCI index methodology

1 October 2014 (George Town, Grand Cayman) ● According to the findings of the sixteenth Global Financial Centres Index (GFCI 16) published twice yearly by Z/Yen Group, the Cayman Islands has fared extremely well when it comes to recognition by clients. Cayman received a high global average assessment at 635, beating all its other offshore financial centre competitors in this […]
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October 1, 2014
Cayman Finance CEO to step down

30 September 2014 (George Town, Grand Cayman) ● Cayman Finance has announced that its Chief Executive Officer, Mr Gonzalo Jalles will be leaving the organisation in mid-November. Mr Ian Wight, Chairman of Cayman Finance thanked Mr Jalles for his significant contributions to the organisation and, more broadly, Cayman’s financial services industry. “Gonzalo, in his role as the first CEO, has […]
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September 19, 2014
Premier cancelled UK trip; FCA list no longer a threat

Published by Cayman 27 Premier Hon. Alden McLaughlin says there is no need for him to make the trip to the UK to address why Cayman ended up on a list of high -risk countries. The Financial Conduct Authority (FCA) pulled its list last week, after an outcry from the Cayman Islands government. Lobby group Cayman Finance says it welcomes […]
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September 17, 2014
Cayman Finance CEO: UK FCA Retreat on ‘High Risk’ List Points to Need for More Openness

The decision by the U.K. Financial Conduct Authority to withdraw its list of 95 countries considered to be at “high risk” of financial crime points to the need for more open assessment of overseas jurisdictions by the British regulator, according to the chief executive officer of the main trade body for the Cayman financial services industry. “Of course, it’s good […]
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UPCOMING EVENTS

Companies Administration Course (Admin 101)

Companies Administration Course (Admin 101)
September 10, 2014 to October 22, 2014
Cayman Islands Chamber of Commerce

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Insurance Seminar with Fitch Ratings

Insurance Seminar with Fitch Ratings
October 22, 2014
Grand Cayman Marriott Beach Resort

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Step Global Congress

Step Global Congress
November 6-7 2014
Mandarin Oriental , Miami Florida

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Caribbean Regional Compliance Association Conference

Caribbean Regional Compliance Association Conference
November 13 -14 , 2014
Maria’s by the sea, Tortola, BVI

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DMS 4th Annual Offshore Investment Funds Summit

DMS Offshore Investment Funds Summit
November 18, 2014
Tivoli São Paulo Mofarrej – Brazil

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BLOG


September 30, 2014
Alibaba and liberty

A Chinese company wishes to raise capital in the US. The US investors wish to invest in the Chinese company. The Chinese regulators do not allow the company to sell shares directly into the US markets, so the company creates an entity that, while it does not hold the assets of the company, has a right to all future cash-flow […]
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September 17, 2014
Small Wonder?

Delaware has more registered companies than people. Less than 0.3% of the US population and two-thirds of the 500 largest US companies call the State their home. Yes, it is a small wonder, but I can’t help think – what is the big wonder? A President that continues to attack other nations for more reasonable tax-management practices than those happening […]
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September 2, 2014
Future of offshore financial centres: the tax question

FATCA and its progeny have spawned a raft of intergovernmental agreements (IGAs) promising transparency to tax authorities around the world. Not to be outdone, prime minster David Cameron is pushing for beneficial ownership registries for the UK, the Crown Dependencies and the Overseas Territories. New York University’s John Blank and [University of] Virginia’s Ruth Mason argue in a recent Tax […]
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