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Ministry seeks removal from non-cooperative jurisdictions list in October
The Ministry of Financial Services said it remains in close contact with the EU Commission
Private Funds Law comes into force; clarity on timelines issued
The Mutual Funds (Amendment) Law, 2020, has also been passed.
Cayman Government responds to reports it is to be blacklisted by EU
Cayman could become the first British Overseas Territory to be added to the EU’s so-called blacklist.
Estera recruits BNY Mellon exec into funds unit
Estera, a global provider of corporate administration, funds and trust services, has appointed Sonal Patel as Managing Director, Head of Sales - Americas, Bermuda and Caribbean.
Maples and Calder reveals managing partner succession
Law firm Maples and Calder has appointed Heidi de Vries as the Managing Partner of its London office. De Vries will succeed Paul Govier in December who is retiring from the firm.
Maples boosts its regulatory & compliance unit
The Maples Group has appointed Hugo Lodge as a partner in its regulatory & compliance legal practice.
EU alt investment funds worth €4.9tr in 2017: ESMA
Alternative Investment Funds based in the EU was worth €4.9 trillion in 2017, as measured by Net Asset Value (NAV), according to The European Securities and Markets Authority (ESMA) first statistical report on the sector. That is nearly one third of the total EU fund industry.
US and UK bodies issue reassurance on derivatives trading post Brexit
The US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE) and the Financial Conduct Authority (FCA) have issued a statement regarding derivatives trading and clearing activities between the United Kingdom (UK) and United States (US) after the UK’s withdrawal from the European Union (EU).
More than half of financial services execs only update IT when they have to
Some 52 per cent of senior decision-makers in financial services organisations in the US and Europe update or replace in-house solutions because they become technologically outdated, according to a new report by Asset Control.
Space exploration enters new phase of cooperation and investment opportunities: CAIS 19
Space exploration is reaching a new phase of development and exploration which will see increasing cooperation and partnerships between both countries and governments and the private sector, Beth Healey, extreme expedition medic and research scientist, told delegates at the annual Cayman Alternative Investment Summit (CAIS), being held in Grand Cayman this week.
