Cayman Report 2022

Welcome to the Cayman Islands Report 2022. We kick off with an in-depth interview with the Cayman Islands Monetary Authority (CIMA) where we discuss recent regulatory developments and initiatives in the jurisdiction and examine the regulator's biggest achievements since its establishment 25 years ago.

Elsewhere in Regulation & Policy, Anthony Travers OBE considers the jurisdiction's current relationship with international standard-setting bodies such as the EU, OECD and FATF. We also hear from Julian Morris from Unicus Research, who contends that Cayman in practice has very high standards, a robust rule of law, and an absence of evidence of actual money laundering at any significant scale.

In addition, Travis Webster from Cayman Finance argues that the resilience of the Cayman Islands during the COVID pandemic is directly related to the resilience of its financial services industry.

Our sector focus provides an overview of the latest trends and developments in Cayman's key industries. Robert Lindley and Wesley O’Brien from Conyers discuss the features and uses of Cayman foundation companies; while Bernadette Carey and Chris Duncan from Carey Olsen consider why Cayman is a preferred jurisdiction for the establishment of family offices.

In addition, Paul Byles from FTS Cayman looks at how the recent passing of the Virtual Asset (Service Providers) Law is boosting Cayman's presence in the digital space; while Ghislain Ghyoot from AON Cayman examines the jurisdiction's growth as an insurance/reinsurance domicile.

Finally, Megan Paget-Brown, CEO of the Cayman International Arbitration Centre, explores the current trends and industries for ad hoc arbitration and discusses how the Arbitration Law in Cayman compares to jurisdictions such as the BVI.

Comprehensive analysis from key industry bodies and prominent practitioners on current trends and developments demonstrates the array of services, products and tools that Cayman has to offer in the wealth management arena.