CIFSA outlines goals for 2008
One of the main challenges that the Cayman Islands Financial Services Association (CIFSA) faces is how to relay the integrity of the Cayman Islands’ financial services internationally while raising awareness of the industry’s importance to Cayman locally.
CIFSA chairman Eduardo Silva said that the Association is starting to work on achieving the objective which is communicating the quality and integrity of Cayman financial services industry. According to him, one of CIFSA’s challenges and priorities for 2008 is creating a strong awareness of the importance of the financial services industry in in the jurisdiction.
The CIFSA has been welcoming individuals to business luncheons in order to introduce them to the jurisdiction’s financial services. The luncheons are aimed to bring down to Cayman the people, so they can see how the industry operates in Cayman. Silva added that the next event of the Association was planned for April.
A relaunch of the website is also underway.
Silva said that “the primary mission of CIFSA and the reason for which it was formed is to communicate the integrity and quality of the Cayman Islands’ financial services industry both internationally and domesticallyâ€.
In March, the United States Government Accountability Office (GAO) is coming to the Cayman Islands in order to talk to government officials and offshore firms because it looks into US companies registered in the jurisdiction. Silva welcomed this visit as the guests will find out that Cayman meets high regulatory standards.