CFR's quarterly round up of academic texts making headlines...
Due in large part to the financial crisis that has plagued the global banking system, letters of credit (LOCs) continue to be more expensive and harder to find. For those that are wondering “When are LOC fees going to go down?”
The success of the Cayman Islands, both socially and economically, has historically been based on a unique partnership between the public and private sectors. In these challenging times these two groups are once again coming together to write the next chapter in the islands prosperity.
Hopefully amidst all the financial woes and gloomy predictions, we will all find time to give thanks for all the blessings we have received over this past Christmas Season.
By way of background, the IOSCO Objectives and Principles of Securities Regulation were endorsed by its member regulators of various securities and futures markets in 1998, and generally are viewed by securities regulators as the key international benchmark on sound principles and practices for securities regulation.
There is no escape from the impact of the global financial crisis and, like the rest of the world, Cayman has started to feel its full force during the past year.