IMF assesses Regulatory Regime in Cayman Islands
From March 2 until March 13, a team from the International Monetary Fund (IMF) was conducting an assessment of the supervision and regulation of the Cayman Islands financial sector. The team stayed in Grand Cayman.
The IMF delegation was hosted by the Cayman Islands Monetary Authority (CIMA).
The review of the assessment is an update on the 2003 IMF Assessment that was published in 2005. It will not contain a separate review of the anti-money laundering regime as the Caribbean Financial Action Task Force (CFATF) covered this in 2007. The summary of the CFAFT Report will be included in the IMF report
During the stay in Cayman Islands, the IMF delegation led by Effie Psalida, the Deputy Division Chief, Monetary and Capital Markets Development, IMF met with the Cayman Islands Monetary Authority, government officials, and representatives from the financial services sector.