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Cayman Islands Monetary Authority
Headquarters Grand Cayman, Cayman Islands
EstablishedJanuary 1, 1997 (1997-January-01)
Chairman [1] Grant Stein
Central bank ofCayman Islands
Currency Cayman Islands dollar
KYD ( ISO 4217)
Website www.cima.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 corporation created pursuant to the Cayman Islands Monetary Authority Law (2013 Revision). [3]

Regulatory framework

  • Banks and lenders
  • Offshore banks
  • Funds and segregated portfolio companies
  • Payment processing services
  • Credit unions

See also

References

  1. ^ "CIMA website - Structure and Governance". Archived from the original on 16 July 2011. Retrieved 26 March 2010.
  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