Tuesday, May 3, 2016

BUSINESS NEWS

Why Cayman real estate is highly valued

The recent news that the Cayman Islands government has finalized plans to establish a new regime for sharing information with U.K. law enforcement with regard to the beneficial ownership of companies in Cayman should be welcomed by all.

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  • Going ‘off grid’ in the Cayman Islands
    A “time of use” scheme joins CUC’s CORE program as an appeal to customers who are increasingly familiar with renewable energy generation not only at the individual and household level, but, increasingly at the corporate level.
  • Working group tackles beneficial ownership proposal
    The political debate over a beneficial ownership registry for Cayman Islands companies is far from over. But in the meantime a new working group, led by the Ministry of Financial Services and Cayman Finance, is working on the technical side of a new centralized system to access beneficial ownership information in Cayman.
  • Eric Bush: Cayman’s man in London
    Over the next three years, Cayman Islands residents are going to be hearing a lot more about what’s going on in the United Kingdom.
  • Gender equality lacking in global mobility opportunities
    As soon as she finished her degree qualifications in Canada and embarked on her job search, Angilynn Chan-Baraud began to explore her global mobility options.
  • Are innovation and new trends in food production the next big investment theme?
    As rolling 10-year annualized returns of industrial commodity investments are producing the largest losses since the Great Depression, investors may want to turn to agricultural commodities and food products, where global demographic trends point to further sustained growth.
  • When modern technology far outpaces the law
    It’s common knowledge that most modern Western governments can be exceedingly slow when it comes to implementing new legislation. This is particularly true in the Cayman Islands, and especially as of late.
  • Recycling and its challenges
    Dart officials unveiled a series of recycling statistics, frequently achieved with the help of local recycler Junk, owned and operated by former MLA. Minister of Education and Deputy Premier Rolston Anglin.
  • One giant ice maker and other energy innovations hitting Cayman
    The idea is ingenious and simple, and while industry has been familiar with it for some time, the idea of a block of ice as a storage battery is just starting to gain public attention.
  • Electric vehicles and Tesla ascendant
    John Felder, president of Cayman Automotive and the island’s only vendor of electric vehicles, says nearly 35 of the cars are on local roads, with another two on the Brac. That total, he says, almost quadruples the 10 in the Bahamas. He predicts steady, if gradual, growth as he launches imports of U.S.-built Tesla cars.
  • Commodities: Lessons from a 100-year history
    Increasing demand and a shrinking supply ensure long-term rising commodity prices – at least that is the theory. But the reality is different, with consequences for the investment strategy.

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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