The Cayman Islands Financial Services Association (CIFSA) has addressed efforts to boost disclosure of information about hedge funds, and has cautioned that the move must be widely agreed and equally applied.  Meanwhile, regulators at the Cayman Islands Monetary Authority (CIMA) said it hoped the changes, contemplated for later this year, if approved, would aid industry transparency read more...

Outgoing Chairman of the Cayman Islands Monetary Authority (CIMA) said on Tuesday, 30 June he had not been told of his replacement, despite the previous day’s Legislative Assembly announcement by the Leader of Government Business.  “I know nothing about this, at least as far as I know,” said outgoing CIMA Chairman Carlyle McLaughlin.  “I was in an executive meeting up until yesterday." read more...

KY Imaging, an outpatient medical imaging facility, hosted a Continuing Medical Education (CME) Conference at the Westin Casuarina Resort and Spa in Grand Cayman on Monday, 22 June.  The new facility will soon open its doors at the West Shore Centre on West Bay Road and will provide a range of diagnostic procedures.  Services will include MRI, MRA, CT scanning, x-ray with nuclear cardiology read more...

The Cayman Islands Monetary Authority (CIMA) issued a cease and desist order to British American Insurance Company Limited (BAICO) on Monday, 29 June.  The order prohibits BAICO from issuing any new insurance policies of any kind.  The order also significantly expands BAICO’s reporting requirements, a CIMA press release said.  “Also, it further directs BAICO to maintain all assets in the Cayman Islands to ensure the satisfactory coverage of all policy holder liabilities of BAICO read more...

ZURICH (Reuters) - U.S. clients of Swiss bank UBS will not be able to access secret accounts from July 1 unless they transfer the money onshore or close the account, a source familiar with the situation told Reuters on Tuesday.  With the move UBS is seeking to speed up its withdrawal from a controversial offshore business for U.S. clients, which is at the center of a U.S. tax row.  Washington has accused the wealth management giant of helping Americans hide billions of dollars abroad read more...

Office Assistant at H20 Only, Sharon Solomon, says her seven-month-old son, Rayjon, is her pride and joy.  “I love my job because of the people that I am surrounded by. This is my very first real job and I enjoy being here because everyone gets along great,” she says.  “Everyone at work is cool and each day I meet new people, and there is always something new to learn.”  She adds that she is very happy... read more...