Naked shorting and market volatility

In the summer of 2010, amidst the European debt crisis, the German Finance Minister Schäuble, when commenting on the financial industries complaints about financial reform, said “if you want to drain a swamp, you don’t ask the frogs for an objective assessment of the situation”.

Steady as she goes…

Although our year to date sales figures cannot possibly keep pace with previous years due to the decrease in foreign investment, we would describe...

Grey matters

Tax havens have attracted increasing attention from policy-makers in recent years. This paper provides an overview of a growing body of research that analyses the consequences and determinants of the existence of tax-haven countries. For instance, recent evidence suggests that tax havens tend to have stronger governance institutions than comparable non-haven countries. Most importantly, tax havens provide opportunities for tax planning by multinational corporations.

The war against cash in Europe

There are good reasons why the debate on cash is heating up right now. While European governments and central banks have stepped up capital controls...

Independent directors – governance trends

Independent directors have become synonymous with offshore investment funds, in particular, hedge funds, in a trend driven squarely by investors looking for greater oversight...

‘Can do’ approach heralds a settlement for Madoff investors

The recently court appointed principal liquidators of a Cayman Islands registered Madoff feeder fund, Herald Fund SPC (In Official Liquidation), immediately began a ‘hearts and minds’ campaign aimed at establishing trust with the trustee.   

 

Regulate virtual currencies?

Should virtual currencies be regulated and if so, how? This question has been explored extensively even before Bitcoin and other crypto-currencies emerged. It has...

Investment Funds – how did we get here?

Typically an investor has to give prior notice of their intention to redeem their investment. The period of notice may vary depending on the nature of the funTypically an investor has to give prior notice of their intention to redeem their investment. The period of notice may vary depending on the nature of the fund and the assets that it has invested in.d and the assets that it has invested in. The redemption process is one of the major challenges currently facing...

Public register of beneficial ownership information:

In June 2014, the government of Anguilla published for public consultation, a document entitled: “Enhancing the transparency of Anguillian company ownership and increasing trust in Anguillian business. 

 

Trustees and divorce

Recent developments in the case law of onshore jurisdictions like England and Hong Kong have only highlighted for trustees the very difficult position they...

Asset fire sales and purchases and the international transmission of financial shocks

Main Story: Grey Matters Pab Jotikasthira, Christian T. Lundblad & Tarun Ramadorai, Asset fire sales and purchases and the international transmission of financial shocks...

Forging ahead: AIMA addresses the times

As the newly elected Alternative Investment Management Association Cayman executive council gathered for their first meeting and a discussion on the state of current issues ensued, it quickly became apparent that the group had its work cut out.

Know your score and get to the “sweet spot”: The importance of business...

This article discusses the importance of business process automation within an asset management firm at all stages of development and how these organisations can measure their current processes versus investor expectations.

Rethinking central banking in the 21st century:

From “behind the scene” secretive rulers of the world (Plaza accord in 1985), to the period of great moderation, attributed to monetary policy, when central banking was called “boring” (until 2007), to the recent almost celebrity status of some central banks and governors.

International sanctions checking – by no means as simple as it seems

We are often asked how regulated businesses can reduce the cost of ensuring that their client portfolios are free from sanctioned individuals and entities. Checking...

Lesson learned…?

During the credit crisis, investment funds utilised a variety of techniques to prevent significant redemptions from causing crystallisation of losses on trades; 

Attacking low-tax jurisdictions will not help Africa’s growth

The new millennium has brought unprecedented growth and prosperity to much of the developing world.  

 

Reading glasses and a pen sitting on top of a disclosure agreement.

Denying disclosure to beneficiaries

We are all familiar with the core principle of trust law that a trustee must account to its beneficiaries for its administration of the...

Grey matters

Read the article in the Cayman Financial Review Magazine CFR: Data privacy in financial affairs is important in large part because we worry what governments...

About IMAC

Back to Main Story: Growth with purpose Canada TIEA establishes a new era for Cayman captives  The Insurance Managers Association of CaymanThe Insurance Managers Association of Cayman...