BUSINESS NEWS

Start-up to discuss future of blockchain at GAIMOps

Omise Holdings’ founder and CEO Jun Hasegawa will speak on ‘The Real-Life Applications of Blockchain’ in GAIMOps Cayman’s keynote interview alongside Northern Trust at The Ritz-Carlton, Grand Cayman on April 29.

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  • Cayman’s property market: ‘Don’t call it a boom’
    Cayman’s real estate market is thriving by any measure. Total property sales reached a record $800 million last year, an 18 percent increase over 2017. The number of property transfers, at 1,857 transactions, was 9 percent higher year on year. Construction activity, meanwhile, continues unabated all over the island.
  • What CUC needs to do to go ‘green’
    On Jan. 15, the Caribbean Utilities Company announced that government accepted its integrated resource plan, a road map for how the territory will produce its energy over the next 30 years.
  • Quality financials prompted Cayman National takeover
    March 13 was a red-letter day for Cayman National Corporation Ltd. That was the day the Trinidad-headquartered Republic Group finalised its acquisition of Cayman National, making the territory’s only local bank local no longer.
  • Plastic-free push gains momentum
    Plastic, the miracle material invented 112 years ago, has morphed into the scourge of the modern era. Reports abound about tons of plastic debris washed up on shores, swirling about in oceans and rivers and found inside the bodies of fish.
  • Where next with the EU tax blacklist?
    On March 12, government and the financial sector awaited with bated breath the outcome of the European Union’s evaluation of Cayman’s tax regime.
  • Environment: Managing waste becoming more than reduce, reuse, recycle
    Each year, Cayman adds about 90,000 tonnes of waste to a single landfill site that already contains 1.5 million tonnes of garbage. In an area of 37 acres, this means the trash piles nearly 90 feet high.
  • Environment: What’s new on the green front
    Cayman is making strides when it comes to going green. From sustainable construction practices to renewable energy programmes, Cayman is moving forward on the green front.
  • Cayman soars in Global Financial Centres Index
    The Cayman Islands jumped from 29th to 21st position in the twenty-fifth edition of the Global Financial Centres Index.
  • Economic forecasting: Is its predictive power fading?
    One of the challenges that many investors have faced in interpreting economic forecasts is the fact that despite the predictive relationship of the data there are always questions left unanswered regarding cause and effect (the chicken and egg dilemma).
  • Beyond towers: CEO speakers provide glimpse into the future
    Premier Alden McLaughlin’s announcement that Dart is planning an “iconic tower” that would “greatly exceed” the territory’s 10-story building limit was the biggest news to come out of last week’s Cayman Economic Outlook conference.

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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