Cayman's structured finance may come back as early as 12 months
Global demand for some form of vanilla structured finance could come back as early as 12 to 18 months, according to Mourant partner Richard de Basto who recently gave a guest lecture at the International College of the Cayman Islands business school.
The Cayman Islands was a market leader in structured finance with a range of sophisticated labels like CDO, CLO and SIV.
Then the credit crunch occurred, triggering liquidity and solvency concerns for banks around the world, which led to a severe slow down in the finance markets and international capital markets.
For the time being, the structured finance market is still pretty frozen. But de Basto explains how a growing middle class in India, China and other countries around the world will be one of the drivers to opening up the structured finance market again, with Cayman at the forefront.
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Marketing Director/Photojournalist for Executive Guest Lecture Series: Shurna Robbins
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About the International College: Established in 1970, the International College of the Cayman Islands is an internationally-accredited, non-profit, private institution. Geared toward working professionals who are pursuing their degrees at night, it offers programmes at the associate, bachelor and masters levels. For more information about the International College visit www.myicci.com or email at us at info@myicci.com.
