Applied Filters
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.
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.
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.
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.
Closed-ended funds to be regulated
In 2020 the Cayman Islands is launching registration requirements for closed-ended funds with the CIMA, through the introduction of the Private Funds Law. Andrew Linford, chair of the communications committee at AIMA Cayman, reports on the details.
Tax Neutrality and Liquidity in a Time of Crisis
In a crisis global policymakers often focus their attention onto tax-neutral global financial hubs, which they accuse of enabling tax abuses. In fact, such jurisdictions have transparent and fair tax systems, and offer vital liquidity for financial markets, as Cayman Finance’s Jude Scott describes.
Steadfast in troubled times
Recent statistics show that the number of funds based in Cayman has remained steady in recent years, a clear demonstration of the Cayman Islands’ continued prominent position as an important global financial services centre, according to Cindy Scotland of the Cayman Islands Monetary Authority.
Compliant, responsive and resilient
Purposefully and methodically over many decades, the Cayman Islands has built a financial services industry, and in particular a funds sector, that is globally compliant, commercially responsive, and resilient, says the Honourable Tara Rivers, JP, MLA, Minister for Financial Services and Home Affairs.
The past, the present & the possibilities
With new co-chairs, a new brand and a new name, the Cayman location of the organisation now known as 100 Women in Finance is celebrating a very successful past year and looking forward to an even more successful 2017, says Michelle Morgan, chair of the Communications Committee of the 100WF Cayman location.
When only the best will do
Following careful due diligence and best selection practices when choosing a fund administrator is most likely to result in a good partnership, says Bob Kern of U.S. Bancorp Fund Services.
