Premier McKeeva Bush will address senior financial services executives in New York this week to assure them that Cayman intends to retain its tax neutral status and meet international tax transparency standards.
Mr. Bush is scheduled to deliver opening remarks at the Financial Times Global Finance Forum on Thursday, 2 December.
The forum, which is sponsored by the Cayman Islands Monetary Authority, is titled Reforming the Global Financial System and will involve discussions on ways to strengthen the global financial industry.
Prior to the opening, Mr. Bush was due to speak at the Cayman Islands International Financial Centre Update Dinner on Tuesday, 30 November. The audience at the dinner was to include chief financial officers, chief operating officers, partners and general councils of major firms such as Goldman Sachs and JP Morgan.
According to a press release from the Premier’s press secretary, Mr. Bush’s speech has a theme of ensuring the Cayman Islands remains the jurisdiction of choice.
“Among the key points of the speech is that the Cayman Islands is maintaining its tax neutral status and is committed to meeting the standards of international tax transparency. The Premier will also give an update of developments in the Cayman Islands and government initiatives to enhance the Cayman business environment,” the release said.
The Financial Times Global Finance Forum is aimed at senior executives in the financial services industry, senior government officials, financial services lawyers and accountants, regulatory bodies and academic experts in international finance, regulation and economics.
This is the second year the event has been held.
Other speakers at the one-day forum include Michael S. Barr, assistant secretary for financial institutions at the US Treasury, who will deliver the keynote speech; Cindy Scotland, managing director of the Cayman Islands Monetary Authority; and Richard Cantor, chief risk officer of Moody’s Corp. and chief credit officer of Moody’s Investors Service Inc.