The Board of Directors of the Cayman Islands Monetary Authority have announced the adoption of a new mission statement, laying the foundation of a new strategic plan for the Authority.
According to the statement, CIMA’s mission is “to enhance the economic wealth and reputation of the Cayman Islands by fostering a thriving and growing, competitive, and internationally recognised financial services industry through appropriate responsive, cost-effective and efficient supervision and a stable currency.”
The mission statement, adopted at the Board’s last meeting, sets out a number of goals for the Authority, which include: to create a high quality and effective regulatory environment to attract users and providers of financial services; to operate the Authority in the most efficient way possible; to preserve the value and integrity of the Cayman Islands currency; to raise the profile of the Authority in order to increase understanding of the Authority, both locally and internationally.
Newly appointed Chairman, Timothy Ridley, commented: “The mission statement reflects the Authority’s vision, and the strategic plan will provide a solid base from which to strengthen and improve the performance of the Authority.”
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