The Cayman Islands continues to be one of the world's top international financial centres. It is the leading domicile for hedge funds and currently ranks second worldwide for captive insurers. The Cayman Islands is also home to licensed banks from over 30 countries, including a significant number of the top 50 banks worldwide. At the end of 2017, the Cayman Islands' ranking as an international banking centre stood at 8th and 7th in terms of cross-border assets and liabilities, respectively, with the majority of positions being cross-border providing capital to the global economy.
October 19, 2018