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The Cayman Islands Monetary Authority (CIMA) is the primary financial services regulator of the Cayman Islands and supervises its currency board.[2]
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Headquarters | Grand Cayman, Cayman Islands |
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Established | January 1, 1997 |
Chairman [1] | Grant Stein |
Central bank of | Cayman Islands |
Currency | Cayman Islands dollar KYD (ISO 4217) |
Website | www |
The CIMA manages the Cayman Islands currency, regulates and supervises financial services, provides assistance to overseas regulatory authorities and advises the Cayman Islands government on financial-services regulatory matters.
It is a corporation created pursuant to the Cayman Islands Monetary Authority Law (2013 Revision).[3]
Regulatory framework
edit- Banks and lenders
- Offshore banks
- Funds and segregated portfolio companies
- Payment processing services
- Credit unions
See also
editReferences
edit- ^ "CIMA website - Structure and Governance". Archived from the original on 16 July 2011. Retrieved 26 March 2010.
- ^ Cindy Scotland (7 July 2014). "The Cayman Islands Financial Services Regulatory Framework". Mondaq.
- ^ Cayman Islands Monetary Authority Law (Revised), section 5(1): "There is established an Authority to be called the Cayman Islands Monetary Authority which shall be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in its corporate name."
External links
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