Cindy Scotland, the managing director of Cayman Islands Monetary Authority (CIMA), has been reappointed as deputy chairman of the Group of International Financial Centre Supervisors (GIFCS).
GIFCS is an association of authorities concerned with the supervision of banks and related financial services primarily engaged in cross-border activities and Scotland has served in this capacity since 2011.
She was also recently re-elected to the board of the International Association of Currency Affairs (IACA).
Its goal is “to provide for in international exchange for consultation and collaboration on matters of interest to stakeholders in the cash payments cycle and to GIVE BACK to the industry through the benefits provided from our various project work, programs and information resources”.
Central Banks, currency-Issuing Authorities, Ministries of Finance, State and commercial printworks and State and commercial mints are member companies of IACA.
Scotland said: “I am honoured to represent the Authority and the Cayman Islands on these boards, because it is important for us to contribute to the development of international best practice in the financial services industry.
“These appointments also confirm the standing which the jurisdiction has as a reputable financial services centre, and the Authority as a regulator, in the international community.”
Scotland also represents the Cayman Islands on the Financial Stability Board’s Regional Consultative Group for the Americas.
CIMA, Cindy Scotland, GIFCS, Group of International Financial Centre Supervisors, IACA, Cayman