Cathedral also known as Cathedral Investment Bank, is an
Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...
and financial services group that provides services to a number of clients mostly associated with the
Catholic Church
The Catholic Church, also known as the Roman Catholic Church, is the largest Christian church, with 1.3 billion baptized Catholics worldwide . It is among the world's oldest and largest international institutions, and has played a ...
and other religious entities. The groups consists of a number of different corporations registered in several
offshore banking
An offshore bank is a bank regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and ...
jurisdictions
Jurisdiction (from Latin 'law' + 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, areas of jurisdiction apply to local, state, and federal levels.
Jur ...
.
History
Cathedral Group is very old financial institution that has been delivering financial services since the beginning of the 20th century. Since its beginning, the group has been focused on management of family offices and related products including investment banking services for bigger projects within the western European region (now the Eurozone). Cathedral Group has sustained lengthy operations to serve the financial needs in different industries around the world.
Initiated Operations in July 1987, Cathedral Investment Bank, making business a Cathedral Investment Bank Corporation Ltd. Sustained operations to serve the financial needs in different industries around the globe. It initially started operations privately as a financial institution in four international jurisdictions but quickly grew to an international investment banking institution.
Some media networks had suggested that Cathedral Group controls at least 120 companies around the world under different figures and various corporate activities.
Since its inception, it has been a very controversial institution because of its high secrecy and a very tight information control policy. According to declarations of Charles J. Mack ex financial services director at the
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...
“the high confidentiality of Cathedral will put
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
in a ridiculous position”.
Its registration under the name of Cathedral Investment Bank occurred in (1987) but it has been suggested that Cathedralis Argentaria (its predecessor) has been delivering financial services for a wide number of regional clients in Europe (Specially religious entities) since 1910. The relevance and influence of this organization over that time is clearly suggested on the "Codicum manuscriptorum Ecclesiae Cathedralis Dunelmensis" which is one of the most relevant manuscripts of secular historical importance.
[Codicum manuscriptorum Ecclesiae Cathedralis Dunelmensis "Cathedralis Argentaria]
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Reputation
Cathedral Investment Bank is one of the Largest Offshore Financial Institutions worldwide.
Operations
Cathedral Group has physical presence in 7 different countries, and delivers services to more a wide array of customers in approximately 35 countries worldwide.
Subsidiaries
Companies that the bank controls include:
* Cathedral Offshore Global Investments
* Cathedral Investment Bank
* Cathedral Investments Group
* Cathedral Investment Bank Derivatives (CIBDer)
* Cathedral Investment Private Banking
* Cathedral Banking Services
COEx Offshore Exchange Market
Created in July 2002, the COEx or Offshore Exchange Market is the first private offshore stock exchange market to be managed by an offshore private entity allowing trading stocks of most offshore Jurisdictions emulating a local Stock Exchange Market Globally.
This market opens from Sunday to Friday from the Australian open and until the final closing of the NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...
in US Friday closing.
Because this market has no physical execution center (Blockchain Market) it allows trading activities 24 hours 6 days a week with no holidays all year round.
Local onshore and offshore traders connect themselves directly from an executing terminal that allows them to trade those stocks.
COEx is also a controversial market, it has been addressed as an efficient solution for global stock exchange trading in a simple and efficient way, but some onshore competitors have recursively indicated their worries mainly because of the lack of compatibility with a Blockchain-type Market Transactions and the ability of the system to maintain a papertrail of local inbound and outbound transactions.
See also
*Investment banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...
*Tax haven
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...
*Private Banking
Private banking is banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs)—defined as those with very high levels of income or sizable assets. A bank that ...
*Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high- ...
*Ethical banking
An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, Impact invest ...
External links
Official Site
Offshore Banks Association, Registration Information
FSU, Registration & Licensing Information
(CIB Americas Bank)
References
{{Reflist
Banks of Dominica
Offshore finance