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  • Forget left and right – the new political divide is between open and closed
    Major political events in recent times, from Brexit to the U.S. presidential elections, have been framed in the context of a debate between “open” and “closed” rather than “left” or “right.”
  • Teaching the next generation about ‘money’
    As individuals we all hold our own preconceptions of “money,” most of which were formed through our childhood and adolescent experiences. In today’s world most toddlers are able to navigate an iPhone long before being able to count a jar of loose change.
  • Secular market cycles: What’s your strategy for your portfolio?
    Global financial markets have revelled in somewhat of a sweet spot over the last eight years. Most striking are the significant positive returns across major asset classes that historically exhibit strong negative correlation.
  • Sea level, temperature rise threaten Cayman in just 80 years
    The most-startling prediction is that a quarter-meter rise in sea levels, less than 10 inches, will swamp 33 buildings in Grand Cayman, among them 17 private homes and two apartment blocks. Apart from the shock value, the striking thing about the forecasts are that they are nine years old, published in 2009.
  • The changing landscape of telecommunications
    Just several years ago, companies like Digicel were largely known as mobile phone providers. But with the exploding popularity of WhatsApp and other applications that allow people to text and make voice calls over the internet, telecommunications companies can no longer rely on selling prepaid and postpaid bundles of minutes to make the bulk of […]
  • From Cayman to the world, Canada corners global cannabis market
    In May 2017, a George Town pharmacy housed in CTMH Doctors Hospital received a shipment that just a year prior would have been unthinkable. That month, Professional Pharmacy Services legally purchased 12.96 liters (3.42 U.S. gallons) of cannabis oils from Canada’s CanniMed Therapeutics.
  • Cayman moves up financial rankings
    The twenty-third edition of the Global Financial Centres Index (GFCI 23) ranked the Cayman Islands as the 22nd best financial center in the world out of 110 total jurisdictions. Cayman’s ranking improved nine places over the last year and was the highest among all U.K. Overseas Territories and Crown Dependencies.
  • Demand billing, solar+storage and the looming challenge of renewable energy
    Basing electricity charges on a consumer’s peak use in any single month is a departure for the Caribbean Utilities Company, but executives say the scheme accords with its still-unpublished – and 15 months delayed – 30-year planning report.
  • From war-torn Liberia to Cayman, and beyond
    The Cayman Islands has been linked to many cross-border legal disputes, but few span the number of jurisdictions or the amount of time as an ongoing case in the United States that is pitting a British Virgin Islands-based attorney against a U.S. district court.
  • Tesla-led battery storage set to boost renewable energy, efficiency, reduce costs
    The business of solar energy steadily expands, spurred by improved technology, and creating a race to design the most-efficient battery for storing excess power, enabling consumers to spread demand and defray costs.

CAYMAN FINANCIAL REVIEW

Appreciating the remaining risks of bankruptcy strip-off of home mortgages

Investments in mortgage-backed debts carry reduced risk in light of the special protections afforded to collateralized claims. Second-lien investing, however, is subject to enhanced risk due to the greater likelihood of collateral value insufficiency.

Financial internships and the Foreign Corrupt Practices Act

American regulators have recently been scrutinizing financial institutions’ internship programs for potential violations of the Foreign Corrupt Practices Act.1 The United States Securities and Exchange Commission recently announced its first internship-related FCPA settlement with Bank of New York Mellon Corp.

Caribbean grapples with problem of bank de-risking

One potential mechanism to improve their AML systems is through the Inter-American Development Bank’s technical cooperation RG-T2224. It provides a grant to support member countries in their efforts to prevent money laundering and terrorist financing, in compliance with the new FATF standards.

Oil price instability and policy uncertainty in an OPEC world

The number of oil rigs in the United States quickly fell by more than 50 percent. The magnitude and speed of the collapse was rivaled only by the 1986 OPEC shock and the 2008 financial crisis.

Read more from the Cayman Financial Review

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