Cayman leader comments on G-20 Outcomes and OECD Report
On April 6, the Honourable Kurt Tibbetts, Leader of Government Business, delivered a statement to media on the G-20 Summit and the OECD report.
In his statement, Tibbetts said that the Cayman Islands Government is reviewing the proposed measures announced at the summit – particularly the measures related to strengthening financial supervision and regulation as well as resisting protectionism, promoting global trade, promoting investment, and strengthening global financial institutions.
According to Tibbetts, Government will be looking for opportunities of engaging with international standard setters.
As to the OECD progress report, Tibbetts talked on having taken note of Cayman position and he believes that “the Cayman Islands is cast in the “lightest shade of gray” among the financial centres with which it has been listed.