Tag: Brexit
Premier heads to London for Brexit talks
(CNS Business): The premier will be heading to London Friday with a small government team for the special meeting with UK officials and the heads of other overseas territories on the thorny issue of Brexit and how it will impact Cayman and the other British dependent territories. The Joint Ministerial Council Brexit meeting was agreed […]
BOTs jittery over Brexit and EU clampdown
(CNS Business): Britain’s loss of influence in the EU as a result of ‘Brexit’ could leave Cayman and other offshore jurisdictions exposed to tougher offshore tax rules. In addition to the problems of gaining access to the business in Europe, Brexit poses a challenge to Cayman in that the UK will no longer be in […]
Cayman fund rivals could see post-Brexit boost
(CNS Business): As the fallout from the Brexit vote turns to the complexities of engineering the UK’s exit from Europe, there is a real possibility that fund managers might move their headquarters from the UK to remain in the EU, and with Luxembourg and Dublin seen as viable alternatives, these fund domiciles could continue to […]
Local finance body warns of Brexit volatility
(CNS Business): Jude Scott, CEO of Cayman Finance, the industry body which represents the local financial services sector, has warned of short-term volatility in the wake of Britain’s surprising exit from the European Union, but he said he believes the local industry will weather the forthcoming economic storms. He said the financial sector would continue […]
Brexit and its impact on non-EU hedge funds
Laura O’Brien writes: The implications of a potential Brexit for non-EU hedge fund managers are hard to fathom. At present, public opinion polls appear to be neck and neck although fund managers seem confident Brexit is unlikely to occur. A survey by Aviva Investors in February 2016 found 20% of equity fund managers and not […]
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