Cayman so far unscathed by US downgrade
Fallout for Cayman following the US downgrade by Standard & Poor’s to ‘AA’ appears to be minimal, according to the chairman of Cayman Finance, Richard Coles.
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Fallout for Cayman following the US downgrade by Standard & Poor’s to ‘AA’ appears to be minimal, according to the chairman of Cayman Finance, Richard Coles.
Stocks in the United States tumbled today spreading fears that an already bad economic situation is about to get worse.
Click on the link below for more:
http://cayman27.com.ky/2011/08/08/u-s-downgrade-may-impact-cayman
The appointment of Richard Coles in April as the chairman of Cayman Finance marked not only a new chapter in the organisation but also a renewed commitment to developing a closer working relationship with the Cayman Islands government.
The head of Cayman Finance is encouraging an anti tax evasion activists group to visit and says Cayman’s financial sector has nothing to hide.
The U.S.-based anti tax evasion activists announced plans to travel to Cayman to draw attention to what they feel is corporate tax evasion.
Click on the link below for more:
http://www.cayman27.com.ky/news/item/10197
The new chairman of Cayman Finance, Richard Coles, says he would like to cement the partnership between the public and private sector and argues that it is not conducive to demand special rules for the financial services industry.
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