News that U.S. states like Nevada and South Dakota have started to take away trust business from Cayman and other offshore centers late last year has hit the mainstream media, prompting claims that the United States is “a tax haven” and the “new Switzerland.”
Cayman retains many secrecy features – not least a law that can put people in jail not just for revealing confidential information, but merely for asking for it.”
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.
Kevin Mitnick, who once was on the FBI’s Most Wanted list and is now a computer security consultant, took to the stage at the Cayman Alternative Investment Summit to show off some of the newest ways hackers are breaking into computer systems.
IFCs should use objective measures of their perception to better tackle the reputational challenge.
There is growing unease in the banking industry that a possible failure of the global economic recovery will hurt the still fragile banking system.
Who could have ever imagined a world where you lend money with the full acknowledgement that you will be repaid less than the amount owed? So, rather than receiving interest on your hard-earned cash, you pay the borrower for the privilege of taking this cash off your hands.
Cayman needs to adopt a greater sense of urgency to address the two most recent threats to the financial services industry.
Cayman’s much-debated and at times deemed controversial Confidential Relationships Preservation Law will see major changes and could be replaced altogether this year.
Regulations have a direct impact on prime brokers’ ability to finance and maintain hedge funds assets on their balance sheet.
Andrew Baron, Butterfield Global financial markets have begun 2016 with relatively substantial losses. The declines in equities markets have been remarkably broad-based across the developed...
Gender disparity in business, well-chronicled among CEO positions, also extends to corporate boardrooms worldwide. Research has shown that companies benefit not only from being more gender and ethnically inc
In 2015, Health City is looking toward accreditation, a start to expansion, a U.S. promotional campaign and efforts to gain recognition from medical insurers.
Law firms rarely confess to being “happy,” “content” or “entirely satisfied,” but that is the nature of the business; they are employed to worry so that clients don’t have to.
The boardrooms in Cayman’s private-sector providers of water and electricity anticipate 2015 with some excitement as they watch fuel prices drop, license negotiations progress and new revenue streams develop.
The latest Global Wage Report by the International Labor Organization warns of stalled wages in many countries and notes that the labor market is a driver of inequality.
Retail banks, which cater to the business and personal needs of Cayman residents, play an increasingly important role in the islands’ economic development.
The leap year is not until 2016, but Polly Pickering, who oversees the Caribbean and Latin America regions for Internet services company Foreshore, has to think that far ahead.
Prime Minister David Cameron’s recent remarks underscoring the unfairness of referring to overseas territories as “tax havens” is welcomed by Cayman’s financial services sector.
The changing nature of its investor base to pension funds and other large investors is transforming the hedge fund industry. Institutionalisation creates new barriers of entry and puts a strain on the vast majority of managers that are small. Large hedge funds meanwhile struggle to maintain their entrepreneurial nature that is often the source of alpha. The Cayman Alternative Investment Summit discussed how the industry can maintain its X factor.
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