Sun, Oct 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Cayman 8 points ahead of Guernsey in Banker magazine's International Financial Centre survey

Tuesday, December 06, 2011
A survey by The Banker magazine shows that the Cayman Islands can hold their own against international standards relating to service or regulation. For the third time in a row, The Banker magazine's 2011 International Financial Centre (IFC) survey has awarded the top spot to the Cayman Islands in the Specialized Financial Centre category, besting its nearest competitor, Guernsey, by eight points.

The work of long-serving specialist banks such as Cayman Institutional Bank (CIB) goes a long way to explaining how the Cayman Islands became the world's premier Specialist Financial Centre and how they have adapted to remain at the top. Founded in 1972, CIB combines the personal service of a private bank with the sophistication and knowledge necessary to serve the demanding and complex offshore financial industry.

"We have always believed that Cayman was getting it right with its commercially sensible yet internationally responsible regulatory environment and this latest survey by The Banker shows that the larger investment community agrees," said Roger Hanson, Managing Director at CIB. "Winning the survey three times in a row is not an accident. It means we are doing something right here. At CIB, we are proud to be part of the Cayman financial community whose hard work, vision, and adaptability have contributed to this achievement."

CIB specializes in providing banking and custody services to structured corporate transactions and hedge funds in keeping with the business now transacted in the Cayman Islands although initially both CIB and the Cayman Islands had their roots in private banking. CIB offers operating accounts in all major currencies, escrow accounts, foreign exchange and term deposits, complete SWIFT narrative on statements for all incoming wires, and a client web application for straight through transaction processing and reporting.

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t