Topic: financial services
Survey reports growing public support for Cayman’s financial services industry
A recent survey found the majority of Cayman residents have a positive view of the jurisdiction’s financial services sector.
Cayman firms win at Citywealth International Financial Centre Awards
The Citywealth International Financial Centre Awards took place 28 Jan. at the Biltmore Hotel Mayfair in London, bringing together over 120 of the world’s top wealth advisors and private client experts.
Cayman firms with staff in Middle East monitoring developments
Staff at Cayman legal and financial services companies with offices in the Middle East are working from home as missile strikes continue in a number of cities in the region.
Cayman Finance opens applications for industry internship programme
Up to 50 qualified Caymanian high school students will have an opportunity to take part in Cayman Finances LEAD programme, which would lead to a career in financial services.
AMRL Cayman expands services
AMRL Cayman has announced the launch of a new corporate disputes, insolvency and restructuring service line, broadening the firm’s capabilities to meet evolving client needs in an increasingly complex and contested global environment.
Arkus Advisory acquires KRyS Global
Arkus Advisory has acquired KRyS Global as part of the deliberate build-out of an offshore restructuring and advisory platform.
Suntera completes investment by Valeas Capital Partners
Following the announcement of a new majority equity investor in Valeas Capital Partners in May 2025, Suntera Global, a multi-jurisdictional provider of fund, corporate and private wealth services, confirmed that it has secured all necessary regulatory approvals and has completed the investment by the San Francisco-based firm, which sees the exit of UK-based Palatine Private Equity.
Immigration bill gets mixed reaction from Cayman’s financial services
Cayman’s financial service sector displayed a mix reaction to the government’s immigration reforms.
Premier seeks to improve Cayman-India investment links
During a tour of New Delhi and Mumbai, Cayman Premier André Ebanks met senior Indian financial figures in a bid to boost investment flows between the two jurisdictions.
Cayman Finance report sounds alarm on falling GDP per capita
Cayman’s growing economy masks the fact that earnings per person are dropping, says a report from consultancy Capital Economics.
New report reveals growing economic impact of Cayman’s financial services industry
Early findings from a Cayman Finance-commissioned research paper published on 19 Sept. showed the expanding financial services industry has a larger role in islands’ economy than previously calculated
Saffery Trust announces three new appointments
A Cayman financial services professional has been appointed to a top job in the jurisdiction's branch of an international company.
Half of government’s revenue comes from financial services
Fees from Cayman’s growing financial services sector accounted for roughly half of all government revenue in the first six months of 2025.
Cayman Finance launches Graduate Training Programme
Cayman Finance has announced the launch of its Graduate Training Programme, aimed at supporting Caymanian university graduates seeking to enter the financial services industry.
Premier and chief justice to speak at major financial services conference
Spectrum has become an important platform for dialogue between regulators and the financial services industry.
Career development event at UCCI attracts full house
More than 50 students, faculty and guests gathered in the Cascade Room at the University College of the Cayman Islands recently for the second instalment of the Walkers Spotlight Series, titled ‘Financial Services and Careers in the Sector'.
Strong financial report casts doubt on pre-election forecast
Government’s overall surplus for the first quarter of 2025 has surpassed the original budget by $54.6 million, with both higher revenues and higher expenditures reported for this period compared to the same quarter of 2024.
Why the Trump effect could be a good thing for Cayman’s key industry
In the final instalment of our series on US President Donald Trump's impact on Cayman we look at the upside for Cayman's financial services sector.
The challenges to building a 21st century workforce
Industry leaders discuss their take on the future of the workforce in the Cayman Islands in a series of roundtable workshops.
Opinion: Are we falling short on true advocacy for the Cayman Islands financial services...
In the absence of any statistically relevant evidence of tax evasion or money laundering, it is time for a more-assertive approach that challenges the outdated stereotype and presents the Cayman Islands as a transparent, compliant jurisdiction unfairly scapegoated by international critics with their own agendas writes guest columnist, Anthony Travers.
Cayman told not to kill business goose that lays the golden eggs
Steve McIntosh, the CEO of Cayman Finance, has warned an international conference that Caymanian complacency was a serious threat to the health of its financial services industry.
Fears over higher bank charges due to proposed licence fee hike
The Cayman Islands Chamber of Commerce is warning that bank customers could face higher bank fees, more expensive loans and costlier business banking services due to government plans to increase licensing fees.
Ebanks backs contentious fees proposal process
Financial Services Minister André Ebanks has come to the defence of the ongoing consultation process and proposed increased fee regime saying that his ministry was supporting Government’s budget policy statement.
Financial services activity, fee increases boost government surplus
Government has increased its budget surplus in the first six months of 2024 because of higher-than-expected financial services revenues.
Local fees and financial services boost government coffers
An influx of financial services fees over the first quarter of 2024 has put government's coffers on a positive footing even as expenses such as personnel costs increased by $6.1 million last year.
Police recover over US$28M in financial crimes
Following the trend of an overall increase in crime rates, the Cayman Islands saw new threats from cyber and financial crimes last year, as detailed in the 2023 statistics report from the Royal Cayman Islands Police Service.
Economist: Tourism is not a key pillar of Cayman’s economy
Protecting financial services and improving education to allow more Caymanians to benefit from expanding 'knowledge-based' sectors is the recipe for success in Cayman's economy, argues Caribbean economist Marla Dukharan.
‘Grey list’ removal safeguards Cayman’s financial future
Coming off the ‘grey list’ was a critical step that will help safeguard the Cayman Islands government’s ability to fund the running of the jurisdiction and meet the needs of its people, according to Financial Services Minister André Ebanks.
Financial services activity bolsters government revenues
New company and partnership formations and registrations of funds have pushed up government revenues in the first seven months of this year.
Minister hints at forthcoming financial services legislation
Financial Services Minister André Ebanks has indicated several pieces of proposed legislation will be released later this year as part of Cayman’s effort to innovate and modernise its financial services offering.
Financial services and construction expected to drive Cayman’s economy
Government believes financial services and construction are the main engines that will push Cayman through the recovery along with a re-emerging tourism sector.
Financial services conference to tackle Cayman’s strategic outlook
Spectrum, a new annual conference, will focus on the medium-term future of Cayman’s financial services industry.
Financial services buoyed by strong demand for entity formations
Cayman’s financial services sector received a boost in the first months of this year with strong growth in fund, company and partnership registrations.
Investor briefing highlights Cayman’s stability, new regulations
In video messages to international investors, government along with financial regulator Cayman Islands Monetary Authority last week emphasised Cayman’s resilience during the coronavirus pandemic..
Financial services industry showed solid growth in 2020
Statistics for 2020 show growth or stable activity across the spectrum of financial services as firms took lockdown measures and border closures in their stride.
Economic share of financial services continues to shrink
The Cayman Islands economy grew faster than expected before the COVID-19 pandemic hit last year.
Regulatory framework for virtual asset services adopted
Lawmakers this week passed a package of five bills to regulate virtual asset service providers. The Virtual Asset Service Provider Law, the central piece of legislation in the regulatory framework, demands that digital asset businesses must be registered with the Cayman Islands Monetary Authority.
Premier: Tourism industry has collapsed
Cayman’s closure of its borders has sent the tourism industry into “free fall,” according to Premier Alden McLaughlin, who said at a press conference Monday that it is now up to the financial services industry to see the country through the upcoming months.
Opposition: Cayman needs to fight blacklist
Opposition lawmakers expressed concern over reports that European Union ambassadors have recommended the Cayman Islands be blacklisted as a non-cooperative tax jurisdiction.
Under pressure: Responding to the global push to regulate offshore
The flurry of new laws and legislative amendments coming out of Cayman's Ministry of Financial Services can at times give the impression that government is being pulled into every conceivable direction by international standard setters.
EDITORIAL – Offshore finance: Time to set the record straight
Researchers such as Oxford-trained economist Diego Zuluaga have pointed out that offshore centres, as important facilitators of aggregate investment, are, in fact, associated with improved economic outcomes.
EDITORIAL – Offshore under microscope again, with no end in sight
Brace yourselves: Another external “analysis” of Cayman’s offshore industry is coming, and the news is not expected to be good. Quelle surprise.
Delegation promotes financial services
Premier Alden McLaughlin told the more than 150 attendees at the 6th Annual Cayman Finance New York Breakfast Briefing on Tuesday that Cayman remains bullish about the prospects of financial services business in the jurisdiction and that the country and government are gearing up to meet the challenges and uncertainties of the future.
EDITORIAL – EU ‘blacklists’: Raise the Cayman flag, not the white flag
We would challenge the Netherlands, or any of the countries named above, to subject themselves to the same level of intense scrutiny levied upon Cayman. They will never do it, which is prima facie evidence of the hypocrisy afoot in their pious proclamations.
EDITORIAL – No ‘Dutch treat’: Netherlands attacks Cayman via ‘blacklist’
By issuing a “blacklist” of 21 low-tax jurisdictions (including the Cayman Islands), the Netherlands has demonstrated that it is full of … well, call it “gall.”
EDITORIAL – 11th-hour scramble to push through ‘blacklist bills’
We draw no comfort from the ministry’s claims that the bills have been subjected to in-depth consultation with Cayman’s financial services industry, local regulators, the EU and OECD. Assuming those discussions took place, they took place behind closed doors – out of sight, and earshot, from either Cayman’s public or stakeholders who were not selected by the government for consultation.
EDITORIAL – Paying our respects to one of Cayman’s ‘Founding Fathers’
A well-lived life, such as that of Arthur Hunter’s, leaves an indelible impression on those fortunate enough to have shared the stage with such a man, if only too briefly.
EDITORIAL – Needed: A report from our woman in Brussels
The reality is that international investing and commerce, which constitute the vast majority of what takes place in the financial sector in these islands, do not require a huge physical presence.
EDITORIAL – Britain vs. Cayman: A lack of transparency on financial transparency
The secretive row is indicative of – potentially an eroding relationship between country and colony – but at minimum an absolute breakdown of communications … between the FCO and our government, and between Mr. Toon’s agency and our watchdogs.
Letter: Select Vantage Inc. responds
Select Vantage Inc. (SVI) is disappointed that the Cayman Compass published its article without first seeking comment from SVI. If comment had been sought, SVI could have corrected some significant errors in the article.
EDITORIAL – ‘Reign-y’ days: UK restraint vs. direct rule
British lawmakers have fired a first shot, but there may be more than one bullet in that gun.
Rahn: Toward a better cryptocurrency
Cryptocurrencies, such as bitcoin, can serve as a unit of account and a medium of exchange, but not as a store of value – as long as there is nothing more than an algorithm to anchor them.
EDITORIAL – Britain and Brussels: The double threat to Cayman’s economy
During these perilous times, we urge Cayman’s leaders to be uncharacteristically open and communicative with the people of these islands. The offshore financial sector provides over half of the entire government budget, and any threat to that industry threatens us all.
Weekend Mail Call: Beneficial ownership disclosure
On May 1, the U.K. House of Commons decided that Cayman and other British overseas territories must create public registries listing the owners of companies registered in their jurisdictions. It apparently caught Cayman’s leaders by surprise.
Public financial registers
Today's editorial cartoon
Letter: Public registry would harm legitimate business
Does anyone really think that the true criminals are not smart enough to find another venue to base their money laundering efforts in?
Bush: An obligation to protect the people of the Cayman Islands
In the event that the matter cannot be sorted out through negotiation, the Premier, Mr. Alden McLaughlin, and the Cabinet have my full support to determine the legitimacy of the proposals through the legal system as the same appear to be a clear violation of the Cayman Islands Constitution, an individual’s legitimate right to privacy.
Byles: When politics trump respect
The Cayman Islands has demonstrated consistently that it will go very far in cooperating with overseas authorities to help in the fight against tax evasion, as well as to fight money laundering and terrorist financing.
EDITORIAL – Paying homage to Cayman’s essential ‘invisible’ giant
With continued good fortune, perseverance and high-quality education, we have no doubt that Cayman — energized and enabled by our financial services sector — will not only build on our half-century of success, but will surpass even those “miraculous” accomplishments.
Financial services industry: Cayman’s ‘invisible’ giant
In 1960, the Cayman Islands could not have been further removed from its status today as a small but prominent global financial center. At the time, the Cayman economy still largely relied on seamen’s remittances, fishing, agriculture, shipbuilding and hand crafts. Airline services were limited and the tourism sector in its infancy.
EDITORIAL – ‘Brexit’ and ‘blacklist’: Cayman stuck between the UK and the EU?
The “real victims” of divorce are often the children. We hope that doesn’t hold true for “colonial children,” including the Cayman Islands, in the context of England’s protracted separation from the European Union, known commonly as “Brexit.”
EDITORIAL – Butterfield Bank: A half-century of service to Cayman
Congratulations to Butterfield on its “golden” anniversary in the Cayman Islands. Here’s to your next 50 years.
LETTER: Do not give in to to EU’s ‘naked ambition’
Premier Alden McLaughlin, Minister Roy McTaggart and Mr. Saunders deserve to be commended for standing up for Cayman’s financial services industry
JOURNAL: Anti-Money Laundering Conference
Offshore compliance and Russian politics were among the topics at the 13th annual Anti-Money Laundering, Compliance and Financial Crime Conference at the Grand Cayman Marriott Beach Resort.
EU appeasement
Today's editorial cartoon
20 bills set for final legislative meeting
The final Legislative Assembly meeting of the Progressives-led government’s term in office will consider about 20 pieces of legislation covering issues, including public lands, crime and punishment, financial services and the protection of older residents.
New captive formations ahead of 2015
The Cayman Islands has seen 33 new captive licensees in the first three quarters of 2016, well ahead of the 22 and 24 new captives licensed in the full years 2015 and 2014, respectively.
Financial services fees pay for 40 percent of Cayman’s government
Fees, registrations and licenses charged to the Cayman Islands financial services industry earned about 39 percent of all revenues for central government last year, according to figures produced in annual financial statements by the Ministry of Financial Services.
Lawmakers: Mass of bills to change ‘lives of generations’
Cayman Islands lawmakers are set to review and approve an unprecedented number of bills in the Legislative Assembly meeting that begins Tuesday, some of which involve complex, long-standing issues that have been before parliament for more than a decade.
Smith: Has finance peaked?
It’s time to ask a scary question: How much of the financial industry will soon be obsolete?
Government tries again with lawyers bill
With an international anti-money laundering review looming next year, Cayman Islands lawmakers will try one more time to pass modern regulatory legislation for the legal profession.
Italy adds Cayman to tax ‘whitelist’
Italy has included the Cayman Islands on the list of jurisdictions it deems cooperative in tax matters.
