Cayman Islands : Off-shore Financial Center Assessment Update-Assessment of Financial Sector Supervision and Regulation

Author/Editor:

International Monetary Fund

Publication Date:

December 8, 2009

Electronic Access:

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Summary:

This paper discusses findings of the assessment of Financial Sector Supervision and Regulation on the Cayman Islands. The assessment reveals that substantial progress has been made in the implementation of the 2003 Offshore Financial Center assessment recommendations, including, importantly, regarding Cayman Islands Monetary Authority’s independence and resources. There is scope for enhancing regulatory reporting and disclosure requirements by financial entities, such as shortening the period for filing required documents and requiring all insurers to disclose their use of derivatives and similar commitments regularly.

Series:

Country Report No. 09/323

Subject:

English

Publication Date:

December 8, 2009

ISBN/ISSN:

9781451809756/1934-7685

Stock No:

1CYMEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

31

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