In this week’s Money & Business Report, Cayman drops in a semi-annual index that ranks 86 international financial centres. The list measures a range of factors including trading volume, political stability, IT infrastructure, cultural diversity, skilled labour, and tax and regulatory structures. Cayman fell from No. 34 to No. 41 on the list. BVI fell to No. 46, and Bermuda dropped to No. 50. London remains atop the list, but Britain’s sense of stability could be shaken, some say, if it leaves the European Union in a 23 June referendum and must negotiate a new batch of bilateral trade agreements.
Also in this week’s report, representatives from CISPA talk about the name change to CIIPA and the adherence to international standards that it signifies as the Cayman Islands Society of Professional Accountants swaps “Society” for “Institute.”