AML: seize the upper hand
Businesses are under pressure to demonstrate they comply with all applicable rules, but using technology to implement the best possible risk management and AML processes can help, say LaNishka Farrington-McSweeney and David McGibbon of EY.
The implications of economic substance
Economic substance in the Cayman Islands: what does it mean, how do we address it and what does BEPS mean? Victor Murray of MG Management explores the implications of economic substance for funds in the Cayman Islands.
ESG and technology dominate CAIS 20
At the annual Cayman Alternative Investment Summit in February many high profile speakers discussed the future shape of the funds industry. ESG and technology topics dominated discussions this year. Cayman Funds reports.
Regulation and innovation dominate discussion
During the roundtable, participants were asked to take part in a poll to assess their opinions and sentiments towards a number of key parts of the discussion including regulatory change, talent management and technology. The results made fascinating reading.
Optimistic in the face of constant change
Following a year of new regulatory changes and just days before the Private Funds Act was enacted, Cayman Funds magazine in association with EY held a roundtable discussion to take the pulse of funds professionals on Cayman. While the overall mood was optimistic, the discussion also centred on the continuous pace of change and the challenges this presents.
Towards greater equality
2019 was another memorable year for 100 Women in Finance Cayman and the members are looking forward to another busy year of fundraising and education initiatives. Cayman Funds caught up with some of the committee members.
Putting the G into ESG
ESG—environmental, social and governance—is the latest shiny toy in the investment fund universe, displacing blockchain as the main focus of investor attention. Governance in particular is crucial to the evolving requirements for Cayman Islands funds, says Jarrod Farley of Carey Olsen.
Still top of the (back office) agenda
Together with the seismic changes we are seeing on the global geopolitical landscape, the COVID-19 pandemic has exacerbated the current dislocation in global markets, driving volatility to levels that have been absent for the last decade.
A key link between government and industry
The Cayman Islands Directors Association plays an increasingly important role liaising between government, the Cayman Islands Monetary Authority and industry, helping advise on new regulations and educate members about changes. Cassandra Powell, its president, shares its 2019 highlights and 2020 plans.
It’s a new dawn, it’s a new day
The Cayman Islands has adopted new rules to enhance the oversight of open-ended and closed-ended funds. The move is the latest demonstration of Cayman’s commitment to meeting and exceeding international standards, says Christian Victory of Appleby.
