Tag: commentary
Update to banking regulations enhances Cayman’s appeal
The Cayman Islands have for decades been one of the world’s leading banking and financial centres, currently ranking as the fifth largest banking centre worldwide, with over 200 banks, including 40 of the world’s 50 largest banks, and over US$1.5 trillion in assets, writes Marco Martins, Managing Partner, Harneys. As is the case in most […]
Breaking up because of Basel III: It was good while it lasted
Across the global financial sector, Basel III’s capital and liquidity requirements are forcing banks to forgo low-return capital consumptive activities and, in the process, they are dumping some customers, including hedge funds. Where can hedge funds turn to find new and meaningful relationships? writes Jazeb Jones, the Managing Director of DMS Bank & Trust Ltd.
Viewpoint: Uncle Sam’s Stronger Arm
Commentary by 101:Â For years those with an inkling of interest in how the global monetary system works have bemoaned the fact that the US wields far too much power because it is the clearing house for US dollars. Banks from all corners of the world have accounts at US correspondent banks so they can move […]
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