CIMA's Managing Director Cindy Scotland, provides an
update on recent regulatory developments
The Cayman Islands continues to be home to a thriving financial
services industry, which is bolstered by prudent and robust
regulation. As the principal regulator for the Cayman Islands
financial services industry, the Cayman Islands Monetary Authority
(CIMA) has developed a regulatory and supervisory framework which
emphasises adherence to international standards and which approach
is a combined rules-based and risk based approach.
Fundamental to the success of the jurisdiction is comprehensive
regulation, supervision and the consideration of the evolving
dynamic nature of the industry. In this regard, the Authority has
also recently drafted the 2016 – 2018 Strategic Plan to
reflect its dedication to continuous improvement. Although the
objectives remain similar to the previous plan, a comparison will
reveal that there will be more focus on educating the
