The Cayman Islands Funds Administrators Association has played an important role acting as an intermediary between administrators and the government during the transition to new regulatory regimes such as FATCA, as its chairman Daniel Allard explains to Cayman Funds.
Increased regulation and global complexity has prompted PwC to increase the size and depth of its team specialising in the area of tax advice and compliance in the Cayman Islands and Bermuda.
The implementation of Topic 606 is designed to create a common revenue standard to improve comparability of revenue recognition across entities, industries, jurisdictions and capital markets. Todd Hankin, Matthew Maulbeck and Ben Leung of EisnerAmper examine what it is, what it does and its consequences.
Rarely will the Cayman regulator have encountered such entrenched opinions as it has since it suggested publishing a public database of directorships. The market has grave concerns about the proposals, as Cayman Funds discovers.
In its annual roundtable hosted by EY, Cayman Funds invited a dozen hedge funds specialists representing a variety of skillsets to offer their perspectives on the most pressing topics affecting the sector.
While Cayman remains the number one jurisdiction for hedge funds, it has been through a period of change and more challenges lie ahead. In this exclusive interview, Wayne Panton, Minister of Financial Services, Commerce and Environment, gives his view on the biggest issues currently facing the sector.
With more than 10,841 hedge funds domiciled in the Cayman Islands at the end of 2012, it is clear the jurisdiction’s dominance as a leader in the hedge funds arena will be around for some time.
The Cayman Islands funds industry remains in good health, but there are still challenges that must be faced. Cayman Funds invited industry leaders to Ernst & Young’s offices on the Island to discuss the major issues.
Ernst & Young’s Annual Hedge Fund Symposium in the Cayman Islands provided lively discussion on key issues affecting the industry.