Ministry opens bid for a plan to exploit future of finance
(CNS): The Ministry of Financial Services is embarking on a strategic plan for financial services in the Cayman Islands to help the jurisdiction exploit future opportunities in the sector, such as sustainable finance and virtual assets. A request for proposals from consultants to prepare the plan has been issued on the CIG’s procurement platform to start work early next year. The development of the plan is expected to involve stakeholder consultation across both the public and private sectors, officials said.
Financial Services Minister André Ebanks said the plan is part of the long-term objective to have a public, achievable jurisdictional strategy for financial services.
“This initiative will help steer the work that the Cayman Islands performs in the coming years,” he said. “There are a number of compelling opportunities we need to explore further, such as the likes of sustainable finance, virtual assets and reinsurance, and the strategy will help us assess such opportunities and determine broad steps to convert suitable opportunities to steady and sound business.”
The RFP is open to local and international service providers with relevant experience and qualifications.
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Category: Business, Financial Services
I guess PACT had no plan then? And now we will pay a shed load of money on consultants, probably foreign, to give us a bunch of pie in the sky dreams that will go nowhere
1. Ensure every Primary School student is literate and numerate.
2. Allow every local a Free UCCI degree.
3. Stop using local property ownership as a qualification for status.
4. Put subjects like Economics back into our public schools. Why were they removed again?
5. Make the CIG abide by labor laws.
6. Restrict tourism licenses and jobs to locals only.
7. Increase the Minimum Wage from the shameful $4.50/6 hour, as now obtains.
8. Stop race baiting. Locals have not focused on race, but reverse discrimination now abounds.
Stop playing with the education, futures and lives of locals. See all the above.
Vitual Assets?
Lol. It’s dead for awhile.
This reminds us of Tara setting up a lawless sandbox for crypto fraud. We don’t need to lead the world in hosting the latest cons. Wait til there is a useful framework in major markets, then adopt what makes sense.
So, CIG will pay real money to someone for a report that the civil service should be able to generate in consultation with industry.
Once they get this report it will sit on the crowded shelf next to the Miller-Shaw, EY, Lufthansa Consulting and countless others. We know that the powers that be will simply do what they want so this is just wasted time and resources.
The scariest words ever spoken, “I am from the government and I am here to help.”
Chasing virtual assets worked out well for the Bahamas………..
I bet they are going to try and make the last decade of illegally ignoring immigration rules for the sector formal. Your country is run by slimy stupid greedy men.