Cayman Islands Monetary Authority - Ann Rep 04-05

According to the Cayman Islands Monetary Authority's Annual Report 2004-2005, the Authority completed its second full year of operational independence from the Cayman Islands Government during the period under review.

"Despite the inevitable challenges the Authority has faced as we adjust to the new responsibilities this independence has brought, we are pleased that we have been able to emerge in a position of strength, both as a viable business ourselves, and in the critical roles of

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