The Banker magazine has named the Cayman Islands the world’s top specialized financial center in its annual global survey for the eighth consecutive year.
“The Cayman Islands’ continued dominance in this category is unprecedented and is further proof that our jurisdiction’s commitment to excellence in client service and balanced effective regulatory standards is serving us well,” said Jude Scott, CEO of Cayman Finance.
“The Banker survey is well respected by private and public stakeholders globally, and we are encouraged by these recent results as it reaffirms that we are indeed the leader.”
Jersey and Guernsey are ranked second and third, respectively, in the list of specialized financial centers, with the Bahamas and Bermuda closing out the top five places in the survey.
The Banker’s international financial center rankings are based on data ranging from financial market indicators to economic potential and business environment factors.
The ranking focuses on the level of international business and the value for institutions seeking to expand their international operations.