Financial services: regulation, costs and maybe fintech February 16, 2017 - 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. Along the way, Scott also announced formal elevation of the reinsurance industry to Cayman’s formal industry sector – the sixth alongside banking, investment funds, insurance, […]
Cayman Finance New York briefing reaffirms Cayman as industry leader February 10, 2017 - Over 150 attendees from both New York and the Cayman Islands recently gathered at the 4th annual Cayman Finance New York Breakfast Briefing held at the Harvard Club of New York City at which Cayman Finance CEO Mr Jude Scott described Cayman as “the premier global financial hub”.   In his presentation, Mr Scott explained to the audience what gave […]
The AML conundrum solved? February 2, 2017 - I was surprised the other day when I met Pawel Kuskowski, CEO and Co-founder of Coinfirm, a start-up firm offering Compliance-as-a-Service. Pawel has been trained in compliance and AML, having worked with some of the world’s biggest financial institutions including AIG (Compliance Officer), UBS (Director of Compliance, Compliance and Operational Risk Officer) and RBS (Head of Global Anti-Money Laundering, AML). […]
Regulatory Update for Cayman Islands Mutual Funds February 2, 2017 - On 16 December 2016 the Cayman Islands Government enacted The Mutual Funds (Annual Returns) (Amendment) Regulations, 2016 (the “Amendments”). Pursuant to The Mutual Funds (Annual Returns) Regulations, 2006 (as amended) (the “Existing Regulations”), all funds regulated under the Mutual Funds Law of the Cayman Islands are required to submit to the Cayman Islands Monetary Authority (“CIMA”), a fund annual return […]
How Fintech Could Cause a Revolution in Compliance January 26, 2017 - Compliance in financial services could be revolutionized by financial technology, which holds the potential of making the processes more efficient for firms and regulators, according to Jude Scott, chief executive of Cayman Finance. Mr, Scott, whose organization represents the sizable financial sector in the tax haven of the Cayman Islands, is promoting a vision in which use of a common […]


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Panton Challenges Constant Regulatory Change February 16, 2017 - Financial Services Minister Wayne Panton has pointed to the constant changes and jumping around in the global regulatory environment as a major flaw that prevents solutions being able to show their worth before they are replaced. Speaking in Brussels earlier this month about offshore regulation, he said the fundamental flaw that undermines the efficacy of global regulatory initiatives was that […]
Opalesque Roundtable Series ’17 Cayman February 16, 2017 - With about 1,230 new CIMA fund registrations in 2016, the Cayman Islands remain the undisputed leader in offshore funds. A closer look at the numbers reveal that 2016 has seen an interesting shift in geographical regions for Cayman fund launches. For example, the numbers from Europe are down but they increased a lot from Asia to the point where Asia […]
Law school to offer new degree February 14, 2017 - The Truman Bodden Law School (TBLS) is set to introduce a master of laws (LLM) degree in international finance law and regulation in September 2017. The programme will cover topics including international finance, banking regulation, international insolvency, choice of law and public-private partnerships. Directed initially at Cayman Islands nationals and residents, the degree will first be offered as a part-time […]



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