Saturday, March 23, 2019

The threat of public beneficial ownership registers

Even for jurisdictions that are used to moving goalposts in terms of international regulatory pressure, the passing on May 1 of a cross-party amendment to the Sanctions and Anti-Money Laundering Bill in the House of Commons, effectively ordering British Overseas Territories to establish public registers of beneficial ownership, was unique.

Offshore: Perception and IFCs – How have they fared?

IFCs should use objective measures of their perception to better tackle the reputational challenge.

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.
The Banking Banana Skins 2015 poll

Bankers fear failure of global economic recovery

There is growing unease in the banking industry that a possible failure of the global economic recovery will hurt the still fragile banking system.
Kevin Mitnick, who once was on the FBI’s Most Wanted list and is now a computer security consultant, addresses the Cayman Alternative Investment Summit.

Technology: Former hacker shows off new tricks of the trade

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.

Interest Rates: The yield curve conundrum

The treasury yield curve has garnered much interest in the news recently. The past few weeks have witnessed a narrowing of the gap between short- and long-term rates dangerously approaching a proverbial inversion. So what is a treasury yield curve? As an investor, why should it matter?

After the UK referendum: The impact of Brexit on non-European hedge funds

With the Brexit referendum decided and David Cameron’s resignation announced, we look at the key impact of the referendum decision on the non-European fund industry.

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.

Efforts increase to boost gender diversity in corporate boardrooms

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

Money problems: the global currency system needs reform

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.

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.

Planning, investing and choosing an adviser for 2018

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.
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.

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...

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.

Independent directors reluctant to serve on crypto funds

The governance around hedge funds has changed dramatically since the introduction of the mutual funds law in Cayman 25 years ago.

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.

Cayman-based Real Vision looks to conquer financial media world

Real Vision founder Raoul Pal, who owns a house on Little Cayman, has ambitious plans for his firm, aiming for it to “disrupt” the media industry and replace outlets like CNBC as the financial journalism outlet of record.

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.

Secular market cycles: What’s your strategy for your portfolio?

Global financial markets have revelled in somewhat of a sweet spot over the last eight years. Most striking are the significant positive returns across major asset classes that historically exhibit strong negative correlation.
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