Cayman ranks 28th in the latest Global Financial Centers Index, up from 41 in the previous survey.
Cayman’s index score increased from the previous survey 6 months ago by 35 points to 676.
Jude Scott, CEO of Cayman Finance said, “Our reputation as a center of excellence for international financial services continues to go from strength to strength and this latest ranking is proof of that.”
“The Cayman Islands continues to be recognized for its client-centric focus and for delivering excellence in service. Clients are at the center of our financial services industry. They are at the core of everything we do, and this approach has been central to our success as a leading international financial center,” Mr. Scott added.
“The Cayman Islands is now the highest-ranking mainstream international financial services center.”
“Cayman Finance continues to work together with other stakeholders in our financial services sector, including the Cayman Islands Government and our regulator, the Cayman Islands Monetary Authority, to maintain our status as the premier global financial hub,” he said. “Survey results such as this are recognition of our high quality and experienced service providers, innovative capabilities, and legislative and regulatory balance.”
This survey puts the Cayman Islands in the top 30 percent of all countries surveyed. The financial centers of London and New York rank 1st and 2nd, respectively, in the survey.Fred Burton of the Department of Environment’s terrestrial resources unit and a member of the council, said at the meeting that the system would be used to provide an objective and scientific basis for decisions on which land to protect.