Cayman Net News – The leading finance industry publication The Banker has given a ringing endorsement to the Cayman Islands as an international financial centre, and outlined an upbeat assessment of the jurisdiction’s outlook across a range of sectors.
A special report on the Cayman Islands in the July issue of the magazine has singled out Cayman’s strengths in hedge funds and has described Cayman as the “undisputed jurisdiction of choice” as a hedge fund domicile.
However, the publication also stated that the Cayman Islands were a leading location for financial services across the spectrum, including captive insurance, structured finance, special purpose vehicles, banking, trust and corporate services sectors. The developments and growth at the Cayman Islands Stock Exchange were also recognised.
The report also notes Cayman’s strengthened regulations to deter criminal activity and improved overall supervision, as well as winning praise for the measures it has undertaken to meet and go beyond international standards.
However the reports author James Eedes can’t resist a referral to The Firm.
