Top Qs
Timeline
Chat
Perspective
Cayman Islands Monetary Authority
Central Bank of Cayman Islands From Wikipedia, the free encyclopedia
Remove ads
The Cayman Islands Monetary Authority (CIMA) is the primary financial services regulator of the Cayman Islands and supervises its currency board.[2]
 | This article needs additional citations for verification. (February 2009) |
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]
Remove ads
History
The Monetary Authority replaced the Cayman Islands Currency Board, which was established by the Currency Law of 1971 and started operations on 1 May 1972.[4] The Currency Board allowed the Cayman Islands to have their own currency, with the Cayman Islands dollar replacing the Jamaican dollar that had been previously in use.[5] The Currency Board was reorganized as CIMA in 1996.[6]
Regulatory framework
- Banks and lenders
- Offshore banks
- Funds and segregated portfolio companies
- Payment processing services
- Credit unions
See also
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads