Cayman Islands Monetary Authority

Cayman Islands Monetary Authority
Headquarters	Grand Cayman, Cayman Islands
Established	January 1, 1997
Chairman	Grant Stein
Central bank of	Cayman 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

References

^ "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."