Cayman's Financial Services Industry Takes Centre Stage In New York

• Published date: 30 January 2023
• Subject Matter: Finance and Banking, Financial Services
• Law Firm: Cayman Islands Government

NEW YORK, USA

After a three-year hiatus due to the pandemic, Cayman Finance, in partnership with the Ministry of Financial Services and Commerce, the Cayman Islands Monetary Authority (CIMA), the Cayman International Reinsurance Association (CIRCA),and members of the financial services industry, returned to New York to host the popular breakfast briefing and reinsurance roundtable events.

The breakfast briefing was attended by over 150 representatives from a wide cross section of the financial services industry, with close to 45 travelling from Cayman for the event. Held at the Harvard Club, the breakfast showcased the partnership between Government and industry and provided an excellent opportunity for participants to network and hear updates from Government and CIMA.

Cayman Finance CEO Steve McIntosh was delighted to lead the organisation back to New York and commented on the importance of these type of stakeholder engagement activities. "One of the strategic priorities for Cayman Finance is the international promotion of our financial services industry. Events, such as this one, demonstrate the strength of the government/industry partnership, and how committed we all are to ensuring the continued success and growth of the financial services industry in Cayman."

His Excellency the Governor, Martyn Roper O.B.E., reiterated his personal support and that of the United Kingdom for the well-regulated, legally compliant, highly efficient, and professional financial services industry in Cayman. Attendees also heard from Managing Director of CIMA, Cindy Scotland, O.B.E., who provided a regulatory update, and from Chris Duggan, the newly appointed Cayman Islands Government representative in Washington DC, whose office will officially open this Thursday, 26 January.

In his keynote address, Minister for Financial Services and Commerce, the Hon. André Ebanks, highlighted how important New York City is to the continued success of the industry.

"The New York / Cayman Islands relationship supports the vitality of the financial services industries in the US, and in our Islands. Moreover, it supports well-regulated and commercially viable financial services globally. And the Cayman Finance Breakfast Briefing is...