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Today's Date: 23 November 2014
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Update to banking regulations further enhance Cayman’s appeal
Funds
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The Cayman Islands has for decades been one of the world’s leading banking and financial centers, 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.  
International Financial Reporting Standard
Regulation/Compliance
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IFRS 9 sets out the requirements for recognizing and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. IFRS 9 replaces International Accounting Standard (IAS) 39 Financial Instruments: Recognition and Measurement.  
Charles Calomiris and Stephen H. Haber  Fragile By Design:
Book Review
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The United States has had 14 banking crises over the past 180 years! Canada, which shares not only a 2,000-miles border with the United States but also a common culture and language, had only two brief and mild bank illiquidity crises during the same period  
Innovation and change in the director services industry
Funds
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Legislative changes introduced director registration or licensing requirements and new regulations. In addition, law firms started to spin off their administration divisions and private equity and other buyers entered the market.  
Stories from the latest edition of the Cayman Financial Review
TOPIC: Cayman Finance Update
TOPIC: Introspective
TOPIC: Letters from the Editorial Board
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