Most Read Contributor in Cayman Islands, September 2016
Correcting an erroneous media report, the 21 July 2015
appointments and reappointments to the Cayman Islands Monetary
Authority (CIMA) board fulfilled a legal requirement, as the
tenures of previous board members had expired, Minister of
Financial Services Wayne Panton said today.
'Five appointments expired on 20 July 2015; and the sixth
appointment expired today, on 28 July', he said.
'In accordance with the Monetary Authority Law (2013
Revision), these appointments must be filled, as the board is
responsible for CIMA's governance, policy and performance, as
well as the general conduct of its affairs and business. Any
suggestion that the changes are a result of anything else is
unfortunate and completely inaccurate'.
While most of the board positions have been filled, there still
are some vacancies. Minister Panton said that further appointments
for a full complement of CIMA board members will be announced in
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