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About The Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority began operations on 1 January 1997. It was established as a body corporate under the Monetary Authority Law, which was brought into force on that date.


Our Mission

To protect and enhance the reputation of the Cayman Islands as an International Financial Centre by fully utilising a team of highly skilled professionals and current technology, to carry out appropriate, effective and efficient supervision and regulation in accordance with relevant international standards and by maintaining a stable currency, including the prudent management of the currency reserve.

 

Vision Statement

Committed to continually enhancing the Cayman Islands Monetary Authority’s position as a financial services regulator of EXCELLENCE, consistent with the jurisdiction’s standing as a leading International Financial Centre.


Our History

Creation

The Authority was created from the merger of the Financial Services Supervision Department of the Cayman Islands Government and the Cayman Islands Currency Board. The former responsibilities, duties and activities of  these two bodies now fall to CIMA. The Authority, however, was not established just to continue what was already in place under a different guise but rather to enhance Cayman's ability to maintain a well regulated financial services regime and monetary stability.

Operational Independence

In March 2003 the Authority became operationally independent under the Monetary Authority Law (2003 Revision). Independence significantly enhanced CIMA's ability to meet international standards of supervision, accountability and transparency, and has more clearly defined its functions, duties, powers and obligations.

The key change resulting from the granting of operational independence was that powers previously vested in the Cabinet of the Cayman Islands Government to issue and revoke licences and registration and to exercise enforcement powers now vest in CIMA, through its Board of Directors.

 

 
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Spotlight

      The Navigator - July 2017 cover 

The Authority is pleased to present the latest issue of The Navigator - July 2017 

 

 

 

  

 

Contact Us

Questions or comments about this page? Click here to Email the Public Relations Section 

Phone: 345-949-7089
Fax: 345-946-9730

Address:
Cayman Islands Monetary Authority
PO Box 10052
80 Shedden Road
Elizabethan Square
Grand Cayman  KY1-1001
CAYMAN ISLANDS

Map - CIMA Elizabethan Square Office Buildings