The Cayman Islands should prepare for the unexpected when it comes to regulatory change, according to Gonzalo Jalles, CEO of Cayman Finance, the organisation representing the financial services industry in the Cayman Islands.
The Cayman Islands and the US have officially signed an agreement that paves the way for the automatic exchange of tax information under US FATCA.
In the first half of 2013, the number of active companies in the Cayman Islands surpassed its peak figure recorded in pre-recession 2008 and was on track to experience an 8 percent increase over the second half of 2012.
Dillon Eustace, the Irish and Cayman financial services law firm, is working in conjunction with the Truman Bodden Law School of the Cayman Islands to introduce its new initiative, the Dillon Eustace Travel Bursary Award.
AIMA, the global hedge fund association, has announced a new chair and deputy chair of the AIMA Investor Steering Committee (ISC), which features institutional investors in hedge funds from around the world and undertakes educational initiatives.
Carne, a global provider of independent fund governance and oversight solutions for investment funds, has appointed Laren Gillespie to its team of Cayman Islands independent fund directors.
The Cayman Islands Monetary Authority (CIMA) has signed a Memoranda of Understanding (MOU) in relation to the Alternative Investment Funds Management Directive (AIFMD) with Bundesanstalt für Finanzdienstleistungsaufsicht of Germany (BaFin).
The Cayman Islands and Poland have signed a tax information exchange agreement (TIEA), in support of global transparency and tax initiatives.
In addition to receiving a high ranking for its legislative and regulatory framework, the Cayman Islands has been confirmed as one of the vice chairs of the Peer Review Group, and retained its position on the Steering Group, of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
Cayman Finance will host a breakfast seminar in New York City on Tuesday January14, 2014, which Wayne Panton, Minister of Financial Services, will attend.