The regulatory tide is shifting in the Cayman Islands and one demonstration of this has been the AML Regulations, which detail guidance to the industry on the requirements to conduct customer due diligence, says Sharon Williams of US Bancorp Fund Services.
International Management Services (IMS) is one of the leading providers of professional director services in the Cayman Islands. Sean Inggs, a professional independent director, offers his views on cybersecurity and cryptocurrency-related questions for hedge funds.
The European Union’s new General Data Protection Regulation will have wide-ranging implications for the funds industry, as Philip Dickie and Tamarin Wilson from Harbour explain.
The dynamic landscape that is the Cayman funds sector with all its opportunities and challenges was debated by a panel of executives and politicians at the annual Cayman Funds roundtable hosted by EY. Regulatory changes, competition and the potential of cryptocurrencies were hot topics.
Colin MacKay of the Alternative Investment Management Association, Cayman, offers his perspective on the latest developments and performance of the alternative investment sector in Cayman.
Cryptocurrencies, blockchain and similar financial technologies hold enormous potential for the Cayman Islands, and it can take a leadership position in how they are regulated. Jude Scott, chief executive officer of Cayman Finance, explains how the newly launched Cayman Finance Innovation Lab is seeking to set the pace for the rest of the world.
Cindy Hislop, chair of the local HFC Cayman board and the Committee of Hearts, reports on the important work done by the hedge fund community in support of vulnerable children.
The quality and depth of experience among directors separates the Cayman Islands from other fund domiciles, and that’s what counts, says Ronan Guilfoyle of Calderwood.
Fund directors of investment funds domiciled in the Cayman Islands are mandated to oversee the risk management of the funds to which they are appointed. Isatou Smith and Masao Matsuda of Lainston outline the advantages.
A number of recent developments in the private equity market may serve to challenge the traditional notion that independent governance in the sector is not needed, says Simon Thomas of Campbells.