Depo-lites could need to evolve to survive
By Charles Guber From Global Custodian The Alternative Investment Fund Managers Directive (AIFMD) forced fund managers including hedge funds and private equity firms to appoint either a depositary institution or depositary-lite (depo-lite) to provide independent oversight of asset safekeeping, cash-flow…
Cayman Finance statement on ESMA’s AIFMD passport advice
With the news today from the European Securities and Markets Authority (“ESMA”) deferring its recommendation to the European Commission (“EC”) that the Cayman Islands (along with several other countries) be considered for a “third country passport” under the Alternative Investment…
UK: Theresa May vows to be ‘one nation’ prime minister
From BBC The UK’s new prime minister Theresa May has vowed to lead a “one nation” government that works for all not just the “privileged few”. Speaking outside 10 Downing Street after being appointed by the Queen, she said it…
Drones are about to fill the skies within the next 5 years
By BI Intelligence From Business Insider The fast-growing global drone industry has not sat back waiting for government policy to be hammered out before pouring investment and effort into opening up this all-new hardware and computing market. A growing…
May, Leadsom fight to become next UK PM
From CaribFlame The race to lead the UK’s ruling Conservative Party has just become narrower, with Minister of State for Energy Andrea Leadsom and Home Secretary Theresa May now battling each other to become the country’s second-ever female prime minister…
UKIP leader Nigel Farage stands down
From BBC Nigel Farage says he is standing down as leader of the UK Independence Party. Mr Farage said his “political ambition has been achieved” with the UK having voted to leave the EU. He said the party was in…
Donald Trump and Rupert Murdoch sit down for post-Brexit dinner
By Brian Stelter From CNN One day after the U.K. referendum results shocked the world, Donald Trump dined with Rupert Murdoch, the owner of some of Britain’s best known newspapers. No doubt the two businessmen had a lot to talk…
Italy might be next domino to fall after UK vote to leave EU
By R Williams From Newsmax “The next referendum to be held in the EU takes place in Italy in October,” Wolfgang Munchau, co-founder and director of Eurointelligence, writes in the Financial Times. “It is not about the union but about…
Will the UK’s exit from the EU impact the Cayman Islands and the BVI?
By Richard May, Alasdair Robertson, Jon Fowler, Tahir Jawed, Nicholas Butcher, Shaun Denton, Mark Western, Paul Govier, Michael Gagie From Maples and Calder On 23 June 2016, the UK held a referendum where voters indicated that the country should leave…
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OUR CARIBBEAN: Time for Caricom’s say
By Rickey Singh, From Nation News Barbados EXCEPT FOR THE OCCASIONAL verbal skirmishes over claimed unfair intra-regional trade practices, or the eruption of short-lived disputes involving discriminatory practices by immigration services against CARICOM nationals, the government leaders of our regional…
