Striking The Right Balance – Responding To Global Regulatory Challenges

In the wake of the global financial crisis, an unprecedented wave of regulation has swept through the financial services industry, impacting market participants at every level. As the industry grapples with the challenges and costs of implementation, it is an opportune time to pause and reflect on initiatives undertaken in the Cayman Islands to implement global regulatory changes in an innovative and balanced manner.

As a preeminent international financial centre, the Cayman Islands faces unique challenges implementing regulatory reform as it does business with every recognised financial centre globally. Accordingly, it is subjected to regulatory reforms originating from numerous international regulators.