AGP Executive Report
Last update: 10 hours agoPublic Finances: Cayman’s public sector posted a $142.4 million surplus for the first nine months of 2026, $51.5 million above budget. Government reported $2.7 billion in net assets and $433.7 million in cash and deposits. Financial Services: Fifteen graduates completed Cayman financial services and compliance diplomas; 42 of the institute’s 52 graduates to date are Caymanian. Fund Oversight: The Financial Stability Board is preparing a consultation on measuring hedge-fund leverage in government bond markets, where borrowing can be routed through Cayman structures and multiple banks. Offshore Trusts: China says wealthy residents paid £18 billion in tax on offshore trust income; advisers report clients are unwinding or distributing assets held in places including Cayman. Insurance Business: Philippine conglomerate Filinvest plans a Cayman captive insurer for group risks, subject to CIMA approval. Investment Links: Cayman joined the launch of a Commonwealth family-office network intended to connect investors, governments and businesses and channel private capital to projects.
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