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2019 Cayman Islands Global Money Week

LEADING ORGANIZATIONS:

  • University College of the Cayman Islands

PARTICIPATING ORGANIZATIONS:

  • Cayman Islands Banking Association, Cayman Islands Institute of Professional Accountant, Chartered Financial Analyst (CFA) Society Cayman

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 150

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 300

University College of the Cayman Islands
During Global Money Week 2019, the University College of the Cayman Islands (UCCI), together with its partners, made an effort to reach children and adults via various activities. Representatives from Cayman Banking Association, RBC Royal Bank ( Cayman ) Limited , CFA Society of Cayman Islands (“CFASCI”), and Cayman Islands Institute of Professional Accountants (CIIPA) visited the University College to provide educational sessions and workshops to the students.

The workshop of the CIIPA focused on the topic of Capital Budgeting and highlighted the significance of conducting appraisals before spending large sums of money. CIIPA, together with FINdetail Ltd, using different financial education books, explained to the students that paying yourself first, whether it is via personal saving or via business profits, is the key to financial success. The students received copies of the different books used in the presentation, namely The Richest Man in Babylon, Profit First, and The Automatic Millionaire.

The representative of the RBC provided a workshop on “The Business of You – Best Practices to Managing Your Finances”, to younger students. The students were able to ask questions on different areas of the presentation, including the 4 Foundational Pillars of Financial Success and Creating a Budget. The students were encouraged to open a savings account and received goodie bags from RBC Cayman.

A professor from the University College provided students with information on Companies in Difficulty: Insolvency & Administration. Case studies and real-life examples were used to highlight what companies do in times of a financial crisis.

The Week ended with a workshop, teaching students, who were planning on competing in the CFA Ethical Challenge, how to handle ethical dilemmas. This session was provided by the CFA Society of Cayman Islands (“CFASCI”). Students were given ethical problems and, in teams, they had to find solutions to these problems.


2018 Cayman Islands Global Money Week

LEADING ORGANIZATIONS:

  • University College of the Cayman Islands (UCCI)

PARTICIPATING ORGANIZATIONS:

  • N/A

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 15

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 119

University College of the Cayman Islands (UCCI)
During Global Money Week 2018, the University College of the Cayman Islands reached 107 Dual-Enrolment students by inviting them to attend three lectures organized by the Business Studies Department. The lecture subjects were as follows:

  • “Electronic Banking Security” by Mr. Linval Johnson, PMP, Senior Business Analyst (Fidelity Bank) and Adjunct Lecturer at UCCI;
  • “Personal Banking” by Ms. Mitzie Bailey, Manager of Red Bay Store RBC Royal Bank (Cayman) Limited and Guest Lecturer at UCCI;
  • “Managing Your Money” by Dr. Martin Richards, Associate Professor at UCCI.