BUSINESS NEWS

Bovell: How to buy property

A recent discussion with a young Caymanian who is interested in buying property has led me to write this article, which reflects my views on how one ought to go about approaching the process of buying a property in the Cayman Islands.

RSS THE JOURNAL

  • Cayman National has event-filled months since sale announcement
    The Cayman Islands is home to billions of dollars’ worth of mergers and acquisitions in a given year, but few have the potential to impact the local community as much as the impending sale of Cayman National Corporation Ltd. to the Republic Bank Trinidad and Tobago (Barbados) Ltd.
  • Independent directors reluctant to serve on crypto funds
    The governance around hedge funds has changed dramatically since the introduction of the mutual funds law in Cayman 25 years ago.
  • Funds speaker touts blockchain’s potential for positive social impact
    Much of the Campbells Fund Focus 2018 conference featured panelists discussing how changing regulations, technology, and political issues could impact the bottom line of the fund industry.
  • Better metrics than GDP would have enabled a stronger response to crisis
    Better measurement of the economy and of people’s well-being could have led governments to respond more strongly to mitigate the damage caused by the 2008 financial crisis and reduce people’s continuing loss of trust in public institutions, according to a new report released by the OECD.
  • Investment: Average clauses in insurance
    Recently, a local insurance company has been advertising on the radio in Cayman warning of the implications of average clauses. Contrary to the rather ordinary nature that the name suggests, an average clause is one of the most important clauses that you can find in an insurance policy.
  • Banking: Is it time for central banks to pause?
    It is hard to believe that the 9 percent return on the S&P 500 Index as at the end of September has now completely vanished. U.S. equity markets are now in negative territory for the year to date.
  • Taking the pledge for gender equality
    A group of professionals in the Cayman Islands is campaigning for gender equality in the workplace.
  • Charity caters for busy women looking to contribute
    On Oct. 15, 2015, women gathered for the inaugural Cayman Islands’ chapter meeting of 100 Women Who Care, which culminated in more than $42,500 being raised for the Cayman Islands Crisis Centre, a domestic violence organization – an astonishing amount and a fitting cause, given the group’s female attendees.
  • Club advocates for local women in business
    For more than 40 years, the Business and Professional Women’s Club of Grand Cayman has been working to create a better environment for local women and future members of the workforce.
  • Big Tech attracting big attention
    Nicholas Rilley, Butterfield It is striking how Google has gone from being a company with “don’t be evil” in their code of conduct, to one represented by an empty chair at a recent Senate hearing on internet companies. The origin of the phrase “with great power comes great responsibility” is unclear, but it has recently […]

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

ALL BUSINESS NEWS

- Advertisement -
16,205FansLike
6,290FollowersFollow

MORE FROM THIS WEEK