The second edition of the Financial Stability Report (FSR) for the Cayman Islands provides insights into key financial sectors while identifying trends and potential systemic risks. It highlights the successful exit from the Financial Action Task Force (FATF) and European Union (EU) grey and blacklists, reflecting the jurisdiction's commitment to financial transparency. With an estimated 3.8% growth for 2023 and low unemployment, the Cayman Islands remains a crucial player in global finance, ranking 18th in international assets and liabilities. The report also emphasises the adoption of technology in financial services and the proactive approach of the Cayman Islands Monetary Authority ("CIMA") in addressing climate-related risks and promoting sustainable investing, reinforcing its reputation as a resilient financial hub.