- Cayman hails its sporting heroes
- Conference celebrates the art of living well
- Young father killed in Eastern Avenue shooting
- Prosecutors reveal delays in football association probe
- Premier: More than 800 residency bids decided, with 400 to go
- Underwater photographers wanted for reef exhibit
- Speed demons back on track
- Gas station on Shamrock Road robbed
- American tourist fined for loaded gun
- University celebrates anniversaries
Year to date, global financial markets are on track to deliver some of the strongest cumulative returns on record. Similarly, broad-based U.S. equity indices are experiencing double digit returns above the 20th percentile as of writing. In the words of John C. Williams, president and chief executive officer of the Federal Reserve Bank of San Francisco, “The economy is in a good place.”
Not least since the Panama Papers, media around the world have tirelessly repeated allegations that offshore financial centers are secrecy havens that enable financial crime.
With the looming decision by the European Union over which countries to put on a tax blacklist, Cayman should look elsewhere for new business says local attorney Anthony Travers.
Advisers agree the U.S. and Europe are probably 2018’s best bets, while forecasting modest returns in China and Japan, pondering the risky promise of “emerging” economies and minimizing the headwinds of inflation and unemployment.
A greater number of women may sit on the boards of Financial Times Stock Exchange 100 companies, but that does not mean women are achieving seniority.
Even for a jurisdiction used to an ever-changing regulatory landscape, the end of 2017 particularly tumultuous time for the Cayman Islands financial services industry.
Technology is becoming an important factor for hedge fund managers who are actively seeking to innovate to improve operational efficiency and attract capital.
Every day, highly experienced investors and thought leaders are sounding the alarm about an impending market crash. Since the 30-year anniversary of Black Monday less than two months ago, the sirens are blaring progressively louder. With an eight-year U.S. equity bull market behind us, coupled with positive GDP growth, the sustained market rally seems too good to be true. On the surface the economy appears to be plodding along, but according to the bears, something is brewing in the depths below.
Tax information exchange initiatives like FATCA and more recently the Common Reporting Standard (CRS) are in full motion in most international financial centers and certainly well under way in the Cayman Islands.
For a country like Cayman whose currency is tied to the U.S. dollar and therefore to the whims of the U.S. Federal Reserve’s monetary policy actions, the Cayman Investment Summit had a decidedly gloomy message: the U.S. dollar-led global currency system is in urgent need of reform and central banks have essentially no power to affect monetary or economic goals.
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