Tag: Cayman Finance
Governor heads to NY to support offshore
(CNS): Governor Martyn Roper is travelling to New York Monday to join the delegation led by Premier Alden McLaughlin in an effort to promote the Cayman Islands’ financial services sector in the face of growing pressure and show his support for this important economic pillar, even though some of that pressure is coming from the […]
Industry rejects Dutch blacklist over low tax rate
(CNS): The decision by the Dutch government to publish its own subjective “blacklist”, which included the Cayman Islands because tax rates are lower than in the Netherlands, is unusual and ignores the facts, especially as Cayman has had a tax information exchange agreement (TIEA) in place with the Netherlands since 2009, according to the financial services industry […]
New laws to shake up offshore sector
(CNS): Government has unveiled three new bills that will result in fundamental changes to the way some exempted companies do business in the Cayman Islands. Just weeks before the European Union’s deadline for offshore financial centres to address requirements over what it sees as unfair tax practices in order to dodge the latest black-list, Financial […]
Cayman Finance courts Chinese investors
(CNS): Cayman Finance CEO Jude Scott was a featured speaker at events in September in three major Asian cities, organised by the local offshore firm Maples. Scott spoke to business leaders and investors in Shanghai, Beijing and Hong Kong about how the Cayman Islands operates as a “neutral and efficient hub, connecting capital and financing around the world”, according […]
Cayman Finance remains calm, Chamber outraged
(CNS): Jude Scott, the CEO of Cayman Finance, has responded relatively calmly to the vote in the UK parliament yesterday, which will see the British government impose a public beneficial owners register on the Cayman Islands, as he pointed to the two-year process, during which time the dialogue with the UK would continue. Meanwhile, Chamber […]
Cayman jumps up ranks in financial centre index
(CNS): The Cayman Islands has jumped up eleven places in this year’s first edition of The Global Financial Centres Index. The biannual report rates and then ranks over 100 cities and jurisdictions that offer financial services, and Cayman is now the highest ranked centre in the Caribbean, with a rating of over 700 points, leapfrogging Bermuda, which was […]
Former bank boss elected chair of Cayman Finance
(CNS): Conor O’Dea, the former managing director and senior executive vice president of Butterfield Bank, has been elected to serve as chair of the Cayman Finance board at the recent annual members’ meeting. Replacing Ian Wight, who held the chairman’s job for three years, O’Dea is taking up the role at a time when the […]
Finance lobby begs MLAs to drop motion
(CNS): The body which represents Cayman’s financial services sector has conceded that local law firms have lawyers practicing Cayman law overseas but maintained that they are not breaching the existing Legal Practitioners Law. As the political row over the new Legal Practitioners Bill continues, Cayman Finance is urging the politicians involved to drop a controversial […]
