De-risking threatens US dollar access for Cayman Banks

| 05/04/2016 | 0 Comments
Cayman News Service

George Town, Grand Cayman

(CNS Business): De-risking by US banks, which left the overseas money transfer services firms unable to operate in Cayman for some time last year, still threatens to cause a much bigger crisis for the financial services industry, with the practice of closing bank accounts deemed to be too risky focused on Cayman banks that could potentially be cut off from the US dollar network. 

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