The Cayman Islands is a favoured location for US banks to establish shell branches because of:

Question

Quizplus · Accepted Answer

The Cayman Islands is a favored location for US banks to establish shell branches due to a combination of factors including low minimum capital requirements, the absence of restrictions on lending and interest rates as well as reserve requirements on Eurocurrency operations, and having the same business hours as New York. These factors collectively make it an attractive offshore financial center for banking operations.

The Cayman Islands Is a Favoured Location for US Banks