The Cayman Islands Story:How One of the World's Leading Offshore Centers Struck the Balance between Regulation and Commercial Success to Maintain its Competitive Edge

THE CAYMAN ISLANDS STORY: HOW ONE OF THE WORLD'S LEADING OFFSHORE CENTERS STRUCK THE BALANCE BETWEEN REGULATION AND COMMERCIAL SUCCESS TO MAINTAIN ITS COMPETITIVE EDGE Paul Byles This paper provides an overview of the development of the Cayman Islands as an international financial services centre. It looks at the main types of offshore financial services, the international challenges that the Cayman Islands faced and how the country dealt with these. The paper ends with some conclusions as to the key success factors for the Cayman Islands which can be drawn on to better understand what is required for a typical offshore centre to succeed in a changing global landscape.