Sunday, January 20, 2019
American consumers grew more upbeat about the prospects for the economy, labor market and their incomes in January, according to the Conference Board. - Photo: Bloomberg

Financial markets and the global economy – in sync?

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...

Improving operational efficiency is top priority for private equity CFOs

Faced with increased competition, investor scrutiny and pressure on fees, private equity financial chief officers are looking to increase operational efficiency, but according to the EU 2018 Global Private Equity Survey, there is not a single clear strategy followed by the industry.

New world order for funds

Increased scrutiny by the SEC, the spectre of increased regulation looming closer, investors looking for far greater transparency and a rise in the need...

Facts and figures from Cayman’s Top Employers

Main Story:A dynamic company with a human touchLarge company categoryCayman National Bank (1st place):•    opened in Cayman in 1974•    has 226 employees •    29...

Financial services: regulation, costs and maybe fintech

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.

Dodd Frank: Cayman banks must remain flexible

The Dodd Frank Wall Street Reform and Consumer Protection Act is just one of the many challenges facing the banking industry in Cayman today. While most banks are focusing on the Foreign Account Tax Compliance Act and the implementation of the Basel Accord, they should also be aware of Dodd Frank, particularly when they are already in the process of changing their systems, says Dara Keough, partner at KPMG in Cayman.

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 reputational risk and blockchain

The Cayman Islands is facing somewhat of a dilemma. Although its regulatory regime is not tailored to cryptocurrencies, token offerings or distributed ledger technology, Cayman became home to the world’s largest initial coin offering this year.

Hiding crime in plain sight – the crux with public company registers

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.

Gender equality lacking in global mobility opportunities

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.

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 economy: OECD study shows long-term merits of structural reform and the pitfalls of...

The reversal of trade liberalization and a return to the average tariffs of 1990 would depress the world’s long-term living standards by about 14 percent worldwide and as much as 15 to 25 percent in the most affected countries.

New independent director firm Calderwood launches

On the face of it, this may not be the best possible time to start a new business offering corporate governance and independent directorship services for the hedge fund industry.

Prime broker relationship is one of many challenges for hedge funds

Regulations have a direct impact on prime brokers’ ability to finance and maintain hedge funds assets on their balance sheet.

Hedge funds industry trying to retain X factor

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.
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. Now, if only the media - including Hollywood - would follow suit, there would be reason to stand and applaud.

Why Mr. Cameron’s statement matters

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.   

 

Data protection coming to Cayman in 2019

At an unspecified date in 2019, the Cayman Islands will introduce far stricter privacy protection rules affecting every business that processes customers’ or clients’ personal information.

Law firms: Regulation, cost and competition remain top issues in 2015

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.

ETFs continue to disrupt asset management industry

Exchange Traded Funds (ETFs), that track indexes like the Dow Jones Industrial Average, S&P 500, Nasdaq-100 Index etc., are nowadays very popular among investors – a trend that is reflected in the capital flows.
Bank of Japan Governor Haruhiko Kuroda sprung another surprise on investors by adopting a negative interest-rate strategy to spur banks to lend in the face of a weakening economy. – Photo: Bloomberg

The interest rate’s disappearing act

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.
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