Recent email scams directed at Cayman Islands government and law enforcement point to a general rise in sophisticated phishing efforts, warns eShore managing director Polly Pickering. While many businesses still feel immune to such attacks, Pickering encourages professionals to learn from high-profile cases like the Panama Papers before hackers hit at home.
Immediately following the Federal Open Market Committee’s (FOMC) decision on March 15 to raise the Fed funds rate to 0.75 percent to 1 percent, bond and equity markets rose in spectacular fashion. Currency markets quickly joined in the fanfare, sending the U.S. dollar sharply lower. In what is considered a “Goldilocks” environment for risk assets, the simple message from Chairwoman Janet Yellen is “the economy is doing very well.”
As broadband providers seek to step up speed and service, Flow’s Caribbean president, Garfield Sinclair, has his eye on renovating island infrastructure. He considers the Cayman Islands one of his top Caribbean markets, alongside Jamaica, Barbados and Trinidad. Despite the islands’ small population, their GDP has made them a priority for upgrading high-speed, LTE service.
In an increasingly competitive market for dispute resolution across jurisdictions, commercial courts still need to work together to uphold the rule of law and support international economic cooperation and prosperity. To do so requires the courts to meet the needs of the business community, said Lord John Thomas of Cwmgiedd, the Lord Chief Justice of England and Wales in a guest lecture at the Grand Court of the Cayman Islands.
The finance industry is just at the beginning of an unprecedented era of disruption. The accelerating speed of technological change and the potential for automation promises massive changes for banks, investment firms and other parts of the financial industry.
Artificial intelligence technology, described as mimicking the human immune system, is planned as the next line of cyber defense for Cayman Islands health insurance provider BritCay.
This could be one of those rare moments: The salespeople and the surveyors, the people who value real estate on a business-to-business basis, agree the market is strong and likely to remain so.
Monique Frederick Butterfield Inflation, an ongoing rise in the general level of prices, is a metric of paramount importance in economic policy, and even more...
Hedge fund investments have been described as failing many times before, so the suggestion that the industry is dead or in decline is an “alternative fact,” according to Mark Yusko, CEO and chief investment officer of Morgan Creek Capital Management.
Tumultuous politics and competitive pricing spelled a difficult year for Cayman retailers focused on tourist foot traffic in 2016.While cruise ship and stay-over arrivals held steady with around 2 million visitors, retailers felt the effects of depressed exchange rates out of Europe and uncertainty created by the U.S. elections.
The Cayman Islands Journal, Feb. 1, 2017: By the time you read this, one of the most unlikely events that could have been imagined one year ago will have happened – Donald Trump will have been inaugurated as the 45th president of the United States of America.
In a briefing to financial services chiefs in New York last month, Cayman Finance CEO Jude Scott offered a modest headline: The jurisdiction is looking at streamlining compliance issues using fintech, a software-based financial-tracking system.
The year 2016 will be remembered for Brexit and for the election of Donald Trump to become the 45th president of the United States, for the media and pollsters getting it wrong, for experts being out of touch with “regular” people and for the establishment being oblivious to the extent of public discontent.
A surge in demand in the most popular segment of Cayman’s rental property market has caused prices to rise by more than 10 percent in the last 12 months, real estate experts say.
Silver Thatch Pensions manages nearly half-a-billion dollars, and has, during its nearly 20-year lifetime, returned an average 4.43 percent to 4.57 percent – probably insufficient to underwrite a retirement of uninterrupted luxury, but nevertheless a solid foundation.
All eyes are on the changing political landscape in the United States as government and the financial services industry in Cayman worry about continued bank de-risking, the process of banks reducing the risk of money laundering and terrorism financing.
Comparing the number of captives in the Cayman Islands – 711 as of Sept. 30 2016, up from 709 captives 12 months ago – would suggest a flat market. But the pure statistics and consolidation in the industry masks a strong influx of new captives and the increasing complexity and amount of business carried out by insurance managers in Cayman.
Again and again, featuring heavily in conversations and correspondence, throughout video clips both introductory and advanced, on websites, in brochures and testimonials, the word that recurs is “ethics.”
Over the years, the financial industry of the Cayman Islands has remained highly competitive in several areas. One in particular is the insurance industry.
In the debate about offshore centers, one nation has quickly become the center of attention.