AGP Executive Report
Last update: 6 hours agoFinancial Regulation: CIMA’s new recovery-planning rule will require Cayman banks and other covered institutions to prepare board-approved plans for periods of financial stress. It takes effect in October 2027, giving firms time to get ready. Knowledge Economy: Cayman Enterprise City was named the Americas’ leading knowledge zone for 2026 by the Financial Times’ fDi Intelligence, as its special economic zone reaches 500 businesses. Small Business: A student entrepreneur won CI$2,500 at the annual business expo for a plan to turn sargassum into biogas and fertiliser; finalists will also receive business advice. Public Finances: The Auditor General reported six qualified opinions among 37 completed public-body audits, up from one in 2024, and flagged CI$172.5 million in corrections and persistent financial-management weaknesses. Financial Services: Premier André Ebanks said meetings in New York and Toronto aim to strengthen ties with reinsurance, investment and banking firms, a sector that generates more than half of government revenue. Tourism and Infrastructure: Visitor arrivals have logged 10 straight months of growth, while plans to expand private-jet parking at Owen Roberts airport point to continued demand for air access.
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