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The FT lays into Cayman, again
Posted: 26 February 2013
Not for the first time the Financial Times has published a highly negative article on fund governance standards in Cayman.
Referring to CIMA’s consultation the article says that “pushing the Cayman Islands to become more accountable is not straightforward …….there are powerful vested interests in Cayman who have their own priorities for shaping any changes to the island’s corporate governance strictures.”
The article adds, “Cayman’s critics believe efforts to open up will end up as little more than window dressing, with little more substance behind them than that behind the thousands of brass plaques of registered enterprises in George Town.”
FundDomiciles.com is surveying fund managers and investors to get their views on the UK offshore centres. It will also be hosting a follow-up event for survey interviewees and other interested parties in London.
FundDomiciles.com is expanding and upgrading its online videoing capabilities. It now offers video interviews with industry participants as well as live and recorded webcasts with organisations throughout the industry.
Investor demands for greater liquidity and transparency in alternatives are unquestionably on the rise. This is one of the main conclusions that was drawn from research done with KPMG early in 2010.