Friday, May 10, 2019

Transparency advocate: ‘Corruption kills’

A bleak picture of starvation, illness and death worldwide perpetrated by what is called 'petty corruption'.

Wall Street in 2016: Clear new trading signals are still missing

Interest rate policy only becomes critical if the rates are raised more quickly than previously planned.

New DCI director’s vision for the future

Ryan Rajkumarsingh is the newly appointed director of the government’s Department of Commerce and Investment. Here he talks with the Journal about how the DCI facilitates business for Cayman and he speaks about his hopes for the development of the Department under his directorship.

Cayman positioned to take advantage of emerging market growth

International financial centre law firms are positioning themselves to take advantage of new emerging markets in Asia and South America. The Journal spoke with Diarmad Murray, global managing partner at Walkers about the effect this has on the firm’s business in the Cayman Islands.

The Magna Carta 800 years on:

What can we glean from this 800-year-old document that is relevant to the Cayman Islands in 2015?

Market Watch: Emerging threats to developed markets

One of the most significant trends over the last decade has been the increasing influence of politics in the financial markets of advanced economies.

Residency vs. domicile for UK citizens: What’s the difference?

Many people confuse tax residence and domicile. In particular, it is common for individuals to assume that because they have ceased to be tax resident in the U.K., it must follow that they have also ceased to be U.K. domiciled. But is this necessarily the case? In short, the answer is definitely no.

New immigration figures reveal plethora of surprises

Some myth-busting figures about immigration in the Cayman Islands are released under the Freedom of Information Law.

Wealth management: No more set it and forget it

BNY Mellon opened its first wealth management office in the Cayman Islands in January. The Journal spoke with Lawrence Hughes, CEO of BNY Mellon Wealth Management, about the move and the evolving nature of the global investment environment.

The opportunity for e-payments

Cayman remains a cash and cheque-based economy, where electronic payment systems that would ensure faster payment for both businesses and individuals are still a rarity

Cayman Finance: Time to refocus

Jude Scott, the new CEO of Cayman Finance, says the industry has grown and has been very successful, “but we all now have to reinvest.”

The Frankenstein Economy

From the great recession of 2008 emerged a new Dr. Frankenstein, in the person of Dr. Bernanke.

After the sting: ‘I got a raw deal,’ says Clover’s St-Cyr

St-Cyr says his conviction of conspiracy against the United States through money laundering was only a pretext by the IRS to flush out Americans who evade taxes by using offshore service providers.

Regulating cryptocurrencies

Cryptocurrencies like bitcoin, blockchain technology and initial coin offerings (ICOs) have been the buzzwords in the tech sphere for the past couple of years.

ETFs: Passive investments need active care

The volatile price swings in the U.S. on Aug. 24 were a disaster for the reputation of ETFs.

EU fund manager directive raises new concerns

AIMA chairman Todd Groom expressed concerns over the EU Commission’s draft regulation that is going to implement the Alternative Investment Fund Managers Directive at a luncheon hosted by the Cayman chapter of the Alternative Investment Management Association in April.

Changes give new opportunities for the spouse of a Caymanian

According to documentation recently received from the Department of Immigration, there are approximately 350 expatriates holding Residency and Employment Rights Certificates (RERCs) as the spouse of a Caymanian. We expect this number will increase.

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.

Megawealthy eye sun, sand, safe havens for capital

 

For the past several years, the Cayman Islands has stayed on the radar of extremely wealthy people looking to invest in residential real estate.

 

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.
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