The Cayman Islands Monetary Authority (CIMA) recently partnered with the Association of Supervisors of Banks of the Americas (ASBA) and the Caribbean Group of Bank Supervisors (CGBS) to host a five-day Banking Analysis and Examination School for banking supervisors in the Caribbean.
As regulators and investors place ever more scrutiny on corporate governance, the appointment of experienced and qualified independent directors has become ever-more critical and firms should check the suitability of directors on a number of fronts before confirming appointments.
The Cayman Islands Monetary Authority (CIMA) has seized control of AAA Venture Fund SPC Limited. Press reports have suggested the CIMA suspects the fund was acting as an alleged Ponzi scheme.
The Cayman Islands Government expects to announce the timeframe for the signing of intergovernmental agreements (IGA) with both the US and the UK on FATCA in the near future.
The Cayman Islands Monetary Authority (CIMA) has signed a Memorandum of Understanding (MOU) with Finanzmarktauficht of Austria, which provides for mutual assistance regarding supervising managers of alternative investment funds who operate on a cross-border basis in both jurisdictions.
A seminar will take place on Thursday October 3 at the Westin Grand Cayman Resort presented by Cayman Finance and the Ministry for Financial Services entitled ‘Are you prepared for FACTA?’
Law firm Maples and Calder has appointed Sherice Arman into the firm's finance group as counsel.
Law firm Carey Olsen has appointed Michael Makridakis as partner and head of litigation in the firm’s Cayman Islands office.
Law firm Harneys has hired senior associate Remo Dalimonthee. His arrival brings the number of Harneys lawyers practising Cayman law around the globe to 36, the firm said.
Law firm Appleby has appointed Dylan Wiltermuth as an associate, specialising in mergers and acquisitions, and capital markets.