CFR examines international, Cayman world of finance

The only magazine that puts the international and Cayman Islands world of finance under the microscope has been re-launched.

Cayman Free Press has printed and is delivering copies to customers overseas and in the Cayman Islands the 14th edition of the Cayman Financial Review.

Contributing writers for CFR are experts in financial matters both abroad and in the Cayman Islands.

This issue features many of those experts and one article in particular from Warren Coats takes a hard look at the global economic turndown, the subprime crisis and the banking industry.
Coats, who retired from the International Monetary Fund in 2003 as an assistant director of the Monetary and Financial Systems Department where he lead technical assistance to missions to central banks in more than 20 countries, writes that despite the fact that offshore centres like the Cayman Islands didn’t contribute to the current economic crisis, Cayman will not be spared from the greatly increased risk of isolation from the community of information sharing jurisdictions.

“Such isolation could seriously cripple Cayman’s most important industry and source of jobs and income as customers turn elsewhere,” he writes in this issue of CFR. “Cayman has its work cut out for it if its financial services industry is to survive and thrive.”

Coats is a director of the Cayman Islands Monetary Authority and Senior Monetary Policy Advisor to the Central Bank of Iraq for BearingPoint. He has a Bachelor of Arts degree from the University of California at Berkley and a PhD in economics from the University of Chicago.

At the helm of the CFR Editorial Board is Tim Ridley, former chairman of the Cayman Islands Monetary Authority.

This issue of CFR includes articles on a variety of financial services topics including industry association and agencies’ activities, with all its content being contributed by local and international industry professionals.

The latest edition contains articles ranging from how sound is the Cayman dollar, by Dr. Richard Rahn, chairman of the Institute for Global Economic Growth; Cindy Scotland, managing director of CIMA, on the Monetary Authority’s role in Cayman’s financial services industry; and John Wolf, Campbells partner on 10 reasons to flag your vessel in Cayman.

The new CFR board also includes Theo Bullmore, Andrew Morris, Conor O’Dea, Pilar Bush and Richard Rahn.

CFP has printed 10,000 copies of the re-launched magazine and together with an online integrated website will be distributed locally to all financial industry related organisations, associations and government and to a significant international database covering the top 500 legal and accountant, financial service associations, hedge fund and government contact lists in the US, UK, Europe, South East Asia, Dubai and South America.

For further information regarding CFR, contact [email protected]



CFR editorial board, from left, Dr. Richard Rahn, Tim Ridley, Theo Bullmore, Andrew Morris, Pilar Bush and Conor O’Dea