Topic: Financial Services Minister Tara Rivers

In video messages to international investors, government along with financial regulator Cayman Islands Monetary Authority last week emphasised Cayman’s resilience during the coronavirus pandemic..

Financial Services Minister Tara Rivers has called on government and industry to proactively address Cayman’s “perception problem” that still exists in mass media and among other influencers.

Premier Alden McLaughlin heads to the US where he is set to address two conferences this week aimed at discussing issues impacting the local financial services industry.

The Cayman Islands government writes telecom giant AT&T to cease and desist from using an advertisement painting the Cayman Islands in a negative light.

Financial Services Minister Tara Rivers will mount a new campaign next year in Hollywood to clear Cayman’s name.

Two draft bills that are being circulated for consultation in the financial services industry would require non-mutual funds to be authorised by the Cayman Islands Monetary Authority.

We draw no comfort from the ministry’s claims that the bills have been subjected to in-depth consultation with Cayman’s financial services industry, local regulators, the EU and OECD. Assuming those discussions took place, they took place behind closed doors – out of sight, and earshot, from either Cayman’s public or stakeholders who were not selected by the government for consultation.

The reality is that international investing and commerce, which constitute the vast majority of what takes place in the financial sector in these islands, do not require a huge physical presence.