Boards put block on CIG’s choices for CIMA directors

Patricia Estwick

(CNS Business): Two people recently appointed by Cabinet to sit on the Cayman Islands Monetary Authority board have been prevented from taking up their seats as a result of objections from the private sector entities where they work, stopping them from accepting the voluntary posts. Of all government’s boards, CIMA, as the regulator of the financial services sector, is one of its most important and is dependent on suitably qualified and experienced individuals from the local financial services sector.

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