Cayman Islands Monetary Authority - Ann Rep 07-08
The growing size and complexity of the financial services industry placed increasing demands on the Cayman Islands Monetary Authority during 2007-08, said Cindy Scotland, the managing director of the central bank, in the institution's latest Annual Report.
Scotland said that the central bank strengthened mechanisms to support risk-based supervision, such as the refinement of the licensee risk-rating instrument used by the banking supervision division. She also said that the central bank dealt
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