One day after Hurricane Beryl affected the Cayman Islands, companies within the financial services industry have resumed normal business operations after a brief period of remote work to continue serving clients around the world.
“The Cayman Islands financial services industry is designed to be resilient and we’re proud to see the results of careful planning and preparation on display again after Hurricane Beryl,” said Steve McIntosh, CEO of Cayman Finance.
The Cayman Islands Government issued an “all clear” notice in the afternoon on 4 July. The Cayman Islands Monetary Authority (CIMA) and Cayman Islands Courts are both open for a regular schedule on 5 July.
The Cayman Finance CEO said the prompt return to normal operations in the Cayman Islands following an approach by a major hurricane is a testament to the jurisdiction’s first class physical infrastructure, previous investments to enable connectivity, and industry’s ability to execute well-established business continuity plans.
“One of the most attractive features of the Cayman Islands is the close coordination between government and industry, which has been a vital factor in minimising any disruptions from this storm,” continued McIntosh. “We appreciate the efforts of the Cayman Islands Government, Ministry of Financial Services and Commerce, CIMA and other agencies to prepare for, and manage, the impact of Hurricane Beryl.”
Deputy Premier and Minister for Financial Services André Ebanks said, “Financial services in the Cayman Islands continue as usual, as a result of government preparations, and the sound continuity of operations plans of regulators and industry that were implemented prior to Hurricane Beryl’s approach.”
