Cayman Finance News

US citizens living and working in Cayman will need to familiarize themselves with new legislation that affects their tax obligations Cayman Finance has said.

The most depressing point about Mr Iton’s analysis (see Viewpoint below) of the civil fraud charges brought by the US Securities and Exchange Commission against Goldman Sachs is not the tortured misunderstanding of the most basic of principles of the CDO transaction but the inescapable conclusion that the financial services industry in Cayman has clearly failed comprehensively to explain how and why it functions.

A recent editorial in the Cayman Net News described the Cayman Finance conference on May 6th as “doing lunch, or in this case, holding a conference” suggesting it was an inadequate response to the adverse economic situation faced by Cayman. A comment such as this is plain silly.

The industry body which represents the country’s financial sector will be holding its inaugural Cayman Finance Summit next month to provide a platform to discuss the future of the islands economy.

On Thursday 6 May 2010 Cayman Finance will be hosting the pre-eminnent financial services event of the year, the Cayman Finance Summit, at the Ritz Carlton Grand Cayman.  To Register Click Here.