New Deputy Head of Banking appointed by CIMA
In the middle of April, the Cayman Islands Monetary Authority (CIMA) announced that it has appointed Mrs Tricia Thompson, its former Chief Analyst, Banking, as its Deputy Head of Banking Supervision. It has also appointed Melanie McLaughlin, former private sector litigation attorney, to the new post of Freedom of Information Manager/ Legal Counsel.
According to the Authority, as Deputy Head of Banking, Mrs Thompson will provide leadership support in all areas of the Banking Supervision’s work. Her responsibilities will include overseeing the licensing application process for banks, money services providers and credit unions, as well as coordinating the onsite inspection programme and doing other activities related to licensee monitoring.
Mrs Thompson will also be dealing with regulatory development initiatives for the Cayman banking sector.
As regards Ms McLaughlin’s appointment as Freedom of Information Manager/Legal Counsel, CIMA has begun to prepare for implementing the Freedom of Information (FOI) Law that in January 2009 is to come into force across the Cayman Islands Public Service. Ms McLaughlin will be involved in developing and implementing procedures and systems that will be used by the Authority in order to handle applications to access to information under the FOI initiative and the National Archive and Public Records Law.