This report provides a comprehensive overview of the Cayman Islands Monetary Authority's recent regulatory activities, findings from thematic reviews, and key initiatives. It highlights the results of a review on records management across selected entities, with a focus on weaknesses related to policies, procedures, and systems, as well as accessibility and maintenance issues.

The report also addresses global financial stability risks, such as challenges in commercial real estate, the potential impact of disinflation, and growing cybersecurity threats to the financial sector. In addition, the update outlines CIMA's ongoing and upcoming initiatives for 2024, including efforts to implement Basel III reforms, enhance corporate governance frameworks, and strengthen the supervision of virtual assets.