The Cayman Islands Directors Association is a rising force in the Cayman Islands as it continues to build its membership, resources and events schedule, as Cassandra Powell, its president, tells Cayman Funds.
Comments such as “there should be more or better oversight” are regularly heard, but what does this mean and what do fund directors actually do? Mark Cook of IMS provides some insights.
The annual Cayman Funds magazine roundtable, hosted by EY, adopted the topic of renewed optimism despite the headwinds for the funds industry on Cayman, reflecting the challenges of this ever-changing sector and the increasing positivity re-entering the space.
The new Cayman Islands Data Protection Bill will regulate the future processing of all personal data in the Cayman Islands. Fund managers should take steps now to ensure that they understand their obligations, say Sailaja Alla and Peter Colegate of Appleby’s Cayman Islands office.
Amid global regulatory changes and moves for ever greater transparency, Jude Scott, CEO of Cayman Finance, discusses how Cayman’s robust regulatory platforms will stand it in good stead as a flight to quality of financial services firms towards better jurisdictions takes place.
As the role played by independent directors comes under closer examination Cayman benefits from its regulator taking a leading position on governance and best practices, as David Roberts and JS de Jager of Cayman Management explain to Cayman Funds.
As investors continue to increase their demands on fund managers, both sides are focused on the level and structure of fees. Philip Dickie and Christopher Bodden from Harbour examine the pressures and how fund managers are adjusting to them.
The Cayman Islands continues to be home to a thriving financial services industry, which is bolstered by prudent and robust regulation, says Cindy Scotland, managing director of the Cayman Islands Monetary Authority.
The Cayman Islands is keeping pace with regulatory and legislative measures that maintain and strengthen our place as the world’s premier jurisdiction for funds, and as one of the world’s leading international financial centres, says Wayne Panton, Minister for Financial Services, Commerce & Environment.
The introduction of the Common Reporting Standard heralds the Brave New World of what has been dubbed “Global FATCA”, says Jennifer Parsons, Counsel with Mourant Ozannes.