Minister of Financial Services meets with UK and EU officials

The Department for Financial Services and Trade said Minister Andre Ebanks recently engaged UK and EU policymakers at the Ninth Joint Ministerial Council (JMC) in London during the week of November 15.

These people included the rrecently appointed UK Minister for Overseas Territories Amanda Milling, Chairman of the UK Parliament’s All-Party Parliamentary Group for the Cayman Islands, Sir Graham Brady and EU Commissioner for Financial Services, Financial Stability and Union of Capital Markets, Mairead McGuinness.

I am grateful for the opportunity to speak with these representatives about the commendable work Cayman is doing not only to tackle global climate change, but also to positively contribute to the international fight against illicit financial flows and all the forms of organized crime.

said Minister Ebanks.

According to the ministry, the meetings covered a wide range of issues and were positive and substantive. These questions included significant concerns for the interests of the Cayman Islands and its reputation as a center of financial services and its position on climate change.

Discussion with Minister Milling

The ministry said the discussion with Minister Milling focused on the link between financial services and global climate mitigation and adaptation efforts, particularly with regard to the Commonwealth Climate Growth Fund recently announced by Cayman.

(From left to right: Amanda Milling, British Minister in charge of the Overseas Territories and André Ebanks)

Chat with Lord Goldsmith

The ministry said Minister Ebanks also had the opportunity to discuss the Climate Growth Fund with Lord Goldsmith, Britain’s Minister for the Pacific and International Environment.

Discussion with Commissioner McGuinness

According to the ministry, Minister Ebanks’ discussion with Commissioner McGuinness focused on Cayman’s anti-money laundering, anti-terrorist financing and anti-proliferation financing regimes, as well as the framework of beneficial ownership of the jurisdiction.

(Left to right: Minister André Ebanks discussed financial services issues with EU Commissioner for Financial Services, Financial Stability and Capital Markets Union Mairead McGuinness)

Discussions with other officials

The ministry said Minister Ebanks also met with several other EU officials regarding the Cayman’s financial services sector and developments in international tax standards, including a virtual chat with the European Economic Commissioner’s office. , Paolo Gentiloni.

Cayman Friends Reception

In addition to the aforementioned meetings, the ministry said Minister Ebanks took time to attend a Friends of the Cayman reception in London, which was attended by a number of attendees, including the former Governor of the Cayman Islands, John Owen, as well as current British parliamentarians.

The ministry said that for the majority of engagements the minister was accompanied by the Cayman Islands representative in Asia, Gene DaCosta, and they received support from the Cayman Islands representative in the UK, Dr Tasha Ebanks-Garcia.

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