Ministers Meet UK Counterparts
Published 9th February 2009, 2:54pm
During his time in London for the constitutional talks, the Leader of Government Business, the Hon. Kurt Tibbetts, held meetings with Lord Myners, the UK Financial Services Secretary and Mr Michael Foot, head of the independent review into British Offshore Financial Centres announced by HMG in November 2008. Accompanying the Leader of Government Business were the Minister for International Financial Services Policy, the Hon. Alden McLaughlin, Jr, the Attorney-General, the Hon. Sam Bulgin, QC, and the Deputy Financial Secretary (Financial Services), Ms Deborah Drummond.
During the meeting with Lord Myners, perspectives were shared on various matters, including Cayman’s strong compliance record in the financial services arena and areas for mutual interest. In the subsequent meeting with Mr Foot, the Cayman Islands delegation received helpful insight into the approach and procedure to be adopted in the context of the review, including confirmation that the review will incorporate an on-site component, with the first visit to occur in the second week of March.
Commenting on the meetings, Minister Tibbetts said: “We were pleased to have secured these two important meetings while in London. We were particularly struck by Lord Myners’ level of knowledge about Cayman’s compliance achievements and were delighted to establish with the new Financial Services Secretary a sound footing for a constructive relationship going forward.”
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