The Cayman Islands Monetary Authority (CIMA) has launched its first annual Financial Stability Report (FSR), which assesses the local financial system’s performance, including trends and vulnerabilities during 2020.
The report analyzes the interconnectedness of the financial sectors and households‘ exposure to the real estate market. It also highlights regulatory and supervisory measures implemented by CIMA in response to the COVID-19 pandemic.
Despite economic and operational challenges, all supervised sectors remained resilient, with stress tests revealing generally strong financial positions. The report includes a macroprudential review that examines sectoral performances and assesses future risks that could hamper economic growth.
The report covers data up to December 2020, and the next report will cover 2021-2022 data.
Other Features
assessment
COVID-19
FATF Jurisdictions under Increased Monitoring
financial stability
operational
performance
real estate
regulatory
reporting
risk
statistics
stress testings
Date Published: 2023-03-09
Regulatory Framework: not applicable
Regulatory Type: information
ID 25850
The CIMA has issued a notice to all registered VASPs regarding the 2024 annual renewal fee ...
ID 25694
The CIMA has announced that effective from 15 November 2023, certain changes will be made ...
ID 24813
CIMA issued a notice on 1 September 2023 regarding a system issue impacting the submission ...
ID 24776
Back on 21 April 2023, the Statement of Guidance – Nature, Accessibility and Retenti ...
You are on the training version of RISP core with limited functions and data.
Please subscribe to RISP core for professional or academic use. We supply free real time datasets for approved academic research; professional subscriptions start at 950€ plus VAT per annum.