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The recent Regional Central Bank Legal Seminar hosted by the Cayman Islands Monetary Authority (CIMA) highlighted a number of issues impacting central banks / financial regulators and their legal advisers. The seminar was the eighth biennial gathering since legal advisers from the Caribbean first met in 1991 to discuss developments and ongoing issues in financial sector regulation and to learn from each other. This year's workshops focussed on the legal risks, immunities and responsibilities of financial regulators. Some 34 participants attended from 14 regional regulatory authorities as well as speakers from the USA and ...
Although the Cayman Islands Chamber of commerce has offered its support to government for its key strategies in its three year plan it has raised concerns over this year’s budget. The business body said the 25 cent import duty adjustment on a gallon of fuel was a significant burden and was disappointed that MLAs had rejected the 20% pay cut. The chamber said its council was still reviewing this year’s budget and will release its full findings to the community when the assessment was complete. The chamber called on government to create a favourable environment for business ... Read More
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