Monday, December 23, 2019

Quality financials prompted Cayman National takeover

March 13 was a red-letter day for Cayman National Corporation Ltd. That was the day the Trinidad-headquartered Republic Group finalised its acquisition of Cayman National, making the territory’s only local bank local no longer.

The effect of European QE on the corporate sector

The ECB’s monetary stimulus appears to be achieving its objectives of combating deflationary pressures and reflating asset prices.

Cayman National has event-filled months since sale announcement

The Cayman Islands is home to billions of dollars’ worth of mergers and acquisitions in a given year, but few have the potential to impact the local community as much as the impending sale of Cayman National Corporation Ltd. to the Republic Bank Trinidad and Tobago (Barbados) Ltd.

From war-torn Liberia to Cayman, and beyond

The Cayman Islands has been linked to many cross-border legal disputes, but few span the number of jurisdictions or the amount of time as an ongoing case in the United States that is pitting a British Virgin Islands-based attorney against a U.S. district court.

Emerging trends in medicine highlight conference

"Ten big ideas” for diagnoses, treatments, technology and even cost control, addressed in a talk by Dr. Ana Viamonte Ros will, in effect, sum up this month’s healthcare conference by peering into the future of medicine.

The state of retail

One of the many curiosities of the current downturn is the state of retail. On the one hand, we are told that consumers are short of cash and likely to become more so as tax increases and cutbacks in public spending begin to bit.

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.

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.

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.

Eric Bush: Cayman’s man in London

Over the next three years, Cayman Islands residents are going to be hearing a lot more about what’s going on in the United Kingdom.

Showdown for fantasy sports

 Days after the news that FanDuel and DraftKings were to experience stellar growth, fans got news that there could be a rat in the play pen, threatening the clean image the fantasy sports brands sought.

 

Post-Irma, BVI financial sector propping up struggling territory

Traveling to the British Virgin Islands for the first time since the territory was devasted by Hurricane Irma last September is an eye-opening experience for those familiar with what was once a flourishing, high-end tourism destination.

US elections: What really matters from an investor’s perspective

The U.S. presidential election not only produces controversial headlines in the media, but also raises concerns for many investors.

Barbados develops health tourism market

The plan is backed by the Barbados Minister of Tourism, Richard Sealy, who has said that health and wellness tourism is growing faster than the overall travel and tourism industry, and thus Barbados plans to develop its health and wellness market.

Hedge Funds Care provides real benefits in Cayman

Now established for 10 years, Hedge Funds Care Cayman is making a big difference in Cayman's efforts to prevent and treat child abuse.

After Brexit vote, pound resumes its long-term decline

The British Brexit vote has caught many market participants off guard, particularly in the foreign exchange market.
A tender ferries passengers to a cruise ship in George Town harbor. Plans for a cruise berthing dock in Grand Cayman mean tenders would no longer be required. – PHOTO: CHRIS COURT

Asia’s economic climb presents scant threat to Caribbean tourism

Frank Bentayou “Concern in Caribbean is unfounded.” That’s the pithy first line of an email Stewart Chiron sent during a mid-trip pause in Dallas last week...

Better metrics than GDP would have enabled a stronger response to crisis

Better measurement of the economy and of people’s well-being could have led governments to respond more strongly to mitigate the damage caused by the 2008 financial crisis and reduce people’s continuing loss of trust in public institutions, according to a new report released by the OECD.

Economic sanctions are rarely effective, often hurt wrong people

An examination of past sanctions on countries finds that only 4 percent were clearly effective.

Overseas territories fight reputation in ownership debate

There has been a flurry of activity over the past six months in the halls of the Financial Services Ministry in Cayman and its counterparts in the United Kingdom and the other overseas territories on how and when to share company ownership information with law enforcement and tax authorities overseas.
- Advertisement -