Cayman Islands to open up to increased scrutiny

It was reported earlier today that the Cayman Islands, a British overseas territory, has outlined plans to create for the first time a public database of funds domiciled in the Islands.  As proposed, the public database would also include a listing of fund directors.  It appears that directors might even be subject to a vetting process to ensure they are qualified to act as fiduciaries for investors.  Interestingly enough, it is being reported that most of the push to change has come from hedge fund investors, rather than politicians.  Click here for more details on the recent Cayman proposals. The Cayman Islands has...