FSB finds Cayman Islands compliant

(CNS Business): The Financial Stability Board has found that the Cayman Islands has “sufficiently strong” regulatory and supervisory standards when it comes to cooperation and information exchange on the global stage. In a new report the FSB said 41 countries were determined to be compliant or largely compliant with all, or all except one, of the relevant cooperation and information exchange standards. The premier, in his role as finance minister, said the conclusion regarding Cayman’s adherence to cooperation and information exchange standards “is robust affirmation that the jurisdiction is well respected, and a good place to conduct business.”

“In terms of cooperation, the Islands are placed alongside the giant economies of the G7 and G20 countries,” McKeeva Bush said.

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