regulatory transparency

Commentary on the Cayman Islands Monetary Authority (“CIMA”) – Private Sector Consultation Paper on Corporate Governance

Summary The CIMA paper on proposed corporate governance expresses the intention that it will “enhance and clarify corporate governance standards and provide greater transparency in the financial services market”. The expression “transparency” carries no particular meaning and so the question

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Letter to The Guardian 23 September 2012

The Guardian Sunday 23 September 2012 Dear Sir, Your article perpetuates a heresy that obfuscates any true understanding of the relevant issues. If by it you meant to say that to boost domestic UK productivity, tax rates should be lowered

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Mr Morgenthau and the Cayman Islands

Published in IFC Review 6 June 2012 Whilst it is recognised that Mr Robert Morgenthau’s career as New York Attorney General was both long and distinguished, it had been hoped by many observers that his views of offshore financial centres

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The Offshore Debate: To Avoid or Not To Avoid

Originally Published in Cititrust EDGE E-magazine May 2012 Perhaps the most remarkable feature of the debate concerning the offshore financial jurisdictions, specifically the British Overseas Territories and the Crown Dependencies, is the extent to which representatives of the “high tax

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Cayman is not a secrecy jurisdiction – response to the BBC

Issued on Behalf of Cayman Islands Stock Exchange Chairman Anthony Travers OBE London: 21st March 2012 The BBC’s Business Editor Robert Peston, whilst commenting on the increase in stamp duty, used the expression “secretive tax haven such as the Cayman

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Mr. Romney and the Cayman Islands

Published in IFC Review, March 2012 It is remarkable testimony as to the failure of the public relations campaigns of the offshore jurisdictions, and the Cayman Islands in particular, that of the 313 news items from around the world published

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The Cayman Islands, US Corporations and Taxation — Fiction vs. Fact

Fiction: The Cayman Islands serve as a “tax haven” where US companies and individuals can launder money and hide their assets. Fact: The Cayman Islands is not a bank secrecy jurisdiction; it is fully transparent. The Cayman Islands has a

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Cayman ‘cat’ bond listings hit USD8.5 billion

Published in Hedgeweek February 29, 2012 The Cayman Islands Stock Exchange (CSX) has reached 100 catastrophe bond programme and series listings, with a total face value of approximately USD8.5 billion. The CSX listed its first cat bond Ajax Re Ltd

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Hedge funds do not escape laws and regulation

Published, Financial Times Monday 23 January, 2012 Sir, In her analysis of the relationship between the offshore fund and the onshore authorised manager (“It may be time to see ‘offshore’ off”, FTfm January 15), Pauline Skypala does nothing but perpetuate

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The Road about to be Travelled

May, 2011 A recent in development in European Court of Justice shone a thin beacon of sanity that, for a moment, bathed all financial centres in a positive glow. Hopefully, this will portend further similar developments and will thereby assist

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About Travers Consulting

Anthony Travers, OBE, is the Chairman of the Cayman Islands Stock Exchange, former Chairman of Cayman Finance and former President of the Cayman Islands Law Society.

Having qualified at Clifford –Turner in 1975, he spent his thirty year legal career years with leading offshore law firm Maples and Calder where he served as Senior Partner and a Managing Partner for over twenty years both in Cayman and in various foreign offices that he established for the firm.

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