Bankers association encourages Caribbean governments to comply with FATCA
The Caribbean Association of Banks (CAB) has called on all Caribbean countries, which have not yet done so, to expedite the intergovernmental agreement (IGA) process with the government of the US, with...
View ArticleUBS Chairman hits out at the EU –‘We are not a European bank, we are a Swiss...
Axel Weber, a former policymaker at the European Central Bank (ECB), also criticised central banks for veering away from what he said was their main purpose. Speaking to CNBC at a meeting of the...
View ArticleTackling the decline of correspondent banking relationships in the Caribbean
Correspondent banking, the collective term for banking services provided by a bank in one country to a financial institution in another, has been the backbone of international banking operations and...
View ArticleSwitzerland moves further to end bank secrecy
Switzerland wants to update a tax deal with the US next year to allow the automatic, two-way exchange of information about bank accounts between the two countries, a senior official in Bern has said....
View ArticleLatest Banking Statistical Digest Now Available
The Cayman Islands Monetary Authority (CIMA) is pleased to present the 2015 Banking Sector Statistical Digest and Prudential Surveillance Report. This second volume of the Digest provides readers with...
View ArticleBrexit is making it cheap and attractive for Asian banks to expand business...
Brexit may be threatening London’s financial passporting rights as well as its euro clearing business, but the brutal impact it has had on the pound has made it cheap for Asian banks to expand their...
View ArticleHow Banks Can Keep Up With Digital Disruptors
Hardly a day goes by without seeing a new business article or blog post on digital disruption. Blockbuster is dead, taxis are struggling and hotels are losing customers, who are increasingly renting...
View ArticleThe Future of Fintech in the City of London
Financial technology consolidates innovative business models with technology to disrupt the financial services sector. The services provided are analogous to traditional banks. Among them are mobile...
View ArticleNew Deputy Head of Banking Division Confirmed
The Cayman Islands Monetary Authority is pleased to announce the appointment of Ms. Shakira Cox as Deputy Head of the Banking Supervision Division on 24 July 2017. Ms. Cox is responsible for providing...
View ArticleBlockchain technology investment possible solution to de-risking
The recent trend of banks canceling their correspondent banking arrangements with other banks for fear of taking on too much money laundering risk, amid ever increasing compliance costs, has hit the...
View ArticleThe three-way split that threatens banks
If you want to get the audience’s attention at a banking conference, telling them that out of roughly 30,000 banks today only 6000 will be left by 2038 is an effective way to start. The founder and CEO...
View ArticleAre the digital start-ups ready to take on the incumbents in the world of...
Digital banks are gearing up to take the incumbents but will they survive? (Revolut) The internet has rattled every industry to its core, except one — business banking. For most bosses, while they may...
View ArticleWhy banks should be preparing for stormy weather
Now is the time for banks to be modelling how their assets perform under stressed scenarios. The next period of disruption could be just around the corner, writes Brian Caplen. Bankers may have...
View ArticleEconomist defends activity of offshore finance centres
THE Island’s financial industry is arguably more transparent than those in the UK and the US and offshore centres like Jersey help to boost international investment, a report published by an...
View ArticleLatest Banking Statistical Digest Now Available
The Cayman Islands Monetary Authority (CIMA) is pleased to present the 2015 Banking Sector Statistical Digest and Prudential Surveillance Report. This second volume of the Digest provides readers with...
View ArticleBrexit is making it cheap and attractive for Asian banks to expand business...
Brexit may be threatening London’s financial passporting rights as well as its euro clearing business, but the brutal impact it has had on the pound has made it cheap for Asian banks to expand their...
View ArticleHow Banks Can Keep Up With Digital Disruptors
Hardly a day goes by without seeing a new business article or blog post on digital disruption. Blockbuster is dead, taxis are struggling and hotels are losing customers, who are increasingly renting...
View ArticleThe Future of Fintech in the City of London
Financial technology consolidates innovative business models with technology to disrupt the financial services sector. The services provided are analogous to traditional banks. Among them are mobile...
View ArticleNew Deputy Head of Banking Division Confirmed
The Cayman Islands Monetary Authority is pleased to announce the appointment of Ms. Shakira Cox as Deputy Head of the Banking Supervision Division on 24 July 2017. Ms. Cox is responsible for providing...
View ArticleBlockchain technology investment possible solution to de-risking
The recent trend of banks canceling their correspondent banking arrangements with other banks for fear of taking on too much money laundering risk, amid ever increasing compliance costs, has hit the...
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