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Tag: UK Financial Conduct Authority

Premier pats financial services minister on back

Premier pats financial services minister on back

| 14/10/2014 | 0 Comments

(CNS): The Cayman Islands premier was singing the praises of his long-time friend and Cabinet colleague last week when he singled out the financial services minister for a pat on the back over his handling of the latest slight over Cayman’s offshore sector. Alden McLaughlin said that Cayman had once again been forced to defend […]

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Premier praises CIMA director’s diplomacy

Premier praises CIMA director’s diplomacy

| 11/09/2014 | 0 Comments

(CNS Business): In the Cayman Islands Legislative Assembly this week, Premier Alden McLaughlin recognised the diplomacy of the Managing Director of the Cayman Islands Monetary Authority (CIMA) following the islands’ inclusion on the UK Financial Conduct Authority’s ‘High Risk Countries’ list in July. Calling this action by the FCA “unwarranted” and “arbitrary”, he commended both […]

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Blacklisting brief but impact unknown

Blacklisting brief but impact unknown

| 08/09/2014 | 0 Comments

(CNS Business): Praising Financial Services Minister Wayne Panton for his urgent response to the brief blacklisting of the Cayman Islands by the UK’s Financial Conduct Authority (FCA), Cayman Finance CEO Gonzalo Jalles said the impact on the jurisdiction’s reputation may never be known. The list was published by the FCA on 18 July in response to […]

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UK watchdog backtracks on blacklist

UK watchdog backtracks on blacklist

| 04/09/2014 | 6 Comments

(CNS Business): In a complete about-face following its initial blacklisting of the Cayman Islands and subsequent refusal to remove the jurisdiction from its list a ‘High Risk Countries’, the Financial Conduct Authority, which regulates the UK’s financial services industry, has confirmed that the list has been removed from its website and that it does not […]

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Cayman government ‘astounded’ by blacklisting

Cayman government ‘astounded’ by blacklisting

| 15/08/2014 | 1 Comment

(CNS Business): The minister for financial services has said the decision by the UK’s Financial Conduct Authority to place the Cayman Islands on its high risk countries list, as reported by CNS Business on Thursday, defies logic. Astounded by the decision, Wayne Panton told CNS Business Thursday that government had already written to the FCA […]

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Cayman Islands on UK blacklist

Cayman Islands on UK blacklist

| 14/08/2014 | 0 Comments

(CNS Business): The UK’s financial regulator has placed Cayman on a list of what it describes as high risk countries. Despite on-going efforts by the Cayman Islands Government to change attitudes towards the financial services industry here, the Financial Conduct Authority has still blacklisted the country. The British watchdog, which replaced the Financial Services Authority, […]

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