Cayman Islands Monetary Authority

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Cayman Islands Monetary Authority
Headquarters Grand Cayman, Cayman Islands
Established January 1, 1997 (1997-January-01)
Chairman [1] Grant Stein
Central bank of Cayman Islands
Currency Cayman Islands Dollar
KYD (ISO 4217)
Website http://www.cimoney.com.ky

The Cayman Islands Monetary Authority (CIMA) is the primary financial services regulator of the Cayman Islands and supervises its currency board.[2]

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 statutory 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[edit]

References[edit]

  1. ^ CIMA website - Structure and Governance
  2. ^ Cindy Scotland (7 July 2014). "The Cayman Islands Financial Services Regulatory Framework". Mondaq. 
  3. ^ 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[edit]