Wednesday, April 25, 2018

Is it time to worry about equities?

After a phenomenal 2018 start, U.S. equity markets caused a bit of a commotion in early February, giving up all gains to-date.

More than 30 years of CIREBA, Cayman’s only real estate association

Founded in 1987, the nonprofit Cayman Islands’ Real Estate Brokers’ Association annually oversees nearly three-quarters of all local realty transactions, listing at any given time an average of 1,500 properties valued around $1.6 billion.

Carrying on the Chamber’s mission

The Cayman Islands Chamber of Commerce has a new face at its helm as of last month, with Paul Byles replacing Kyle Broadhurst as the organization’s president. However, not much will change under the new president’s leadership, Byles told the Journal last month.

Social media disruption hits traditional media and tech platforms

As the sharing of false or misleading “news reports” on social media has become a global issue, after accusations that Russia tried to influence votes in the United States, Britain and France, technology companies like Facebook and Twitter have been hit with considerable criticism about their impact on society and on the journalism industry.

Digital wallet initiative seeks to reform identity management

Despite Cayman’s reputation for fast-and-easy banking, residents of the islands know the headache that can come with opening a personal bank account. One appointment can turn into several, as would-be clients track down the necessary paperwork and await the weeks-long approval process.

Overseas companies to reveal true owners on new UK property register

The British government announced a new public register that from 2021 will require overseas companies that own or buy property in the U.K. to identify their beneficial owners to tackle money laundering through property transactions.

Financial market and macroeconomic impact of recent US tax legislation

In matters of government policy, it is often difficult to take a dispassionate view. Some would say the modern discourse is so polarized, the strictly rational, factual view is drowned out. In this brief overview, we are going to attempt to lay out a few of the potential implications of the recently passed U.S. tax legislation.

EU tax list implications represent a gray area

On Dec. 5, the EU Council agreed, after long debate, haggling and horse trading, on a blacklist of 17 countries that the European finance ministers consider uncooperative in tax matters. They also voted on a commitment list of 47 countries that would be deemed uncooperative, according to the EU’s own criteria, had they not agreed in writing to remedy their shortcomings by the end of 2018.

Cayman’s new anti-money laundering regulations

New anti-money laundering regulations have been adopted in the Cayman Islands which, from May 31, 2018, will apply to unregulated investment entities as well as regulated funds and more traditional financial services providers.

What could possibly go wrong in 2018?

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.”

Travers: Cayman should consider Europe ‘a dead zone’

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.

Global, local surveys highlight barriers to female leadership

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.

After FATF and EU scrutiny comes U.S. tax reform

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.

EY survey: Hedge fund managers embrace innovation amid challenges

Technology is becoming an important factor for hedge fund managers who are actively seeking to innovate to improve operational efficiency and attract capital.

No escaping risk

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.

Cayman’s newest law firm puts two more ‘women in business’

Cayman’s newest law firm is three months old, and its two female founders cite former U.S. First Lady Michelle Obama as inspiration for a venture they hope will “change up the corporate game.”

Cayman beneficial ownership model comes with cybersecurity edge

Cayman Islands law governing beneficial ownership data took effect July 1, ushering in a technology-based system to manage the exchange of information about the true owners of Cayman-registered entities.

Real estate, jewelry dealers awaiting new reporting requirements

Cayman Islands real estate brokers and precious metals dealers will soon come under extra scrutiny when a new regime kicks in subjecting them to inspections from the Department of Commerce and Investment, which will make sure they are following the territory’s anti-money laundering rules.

Women draw power from conference

Colored lights painted the walls in the Marriott Beach Resort ballroom in a hue one might expect to encounter in Barbie’s Dream House. It seemed not only an acknowledgement of gender stereotype, but a reclaiming of the brand. After all, the Next Gen Inspire 2017 women’s business conference was all about presence and power.

Leadership with a personal touch

Ask Jackie Doak for a single piece of advice for women pursuing business careers, and she can’t do it. Instead, she’ll give you half a dozen.
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