Monetary Authority adopts new mission statement
Wednesday, August 11, 2004
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Reader comments:
- Conspicuous by its absence in the Monetary Authority’s new mission
statement is any reference to enforcement of regulations and the protection
of investors from the so-called “bad eggs”. But I suppose this is to be
expected, given that, according to this year’s Throne Speech, the Government
regards ‘international accounting scandals’ as being on a par with natural
disasters like hurricanes and will thus form part of the ‘Cayman Islands
Crisis Readiness Programme’. Clearly, it is the accepted wisdom that these
events are wholly outside of the Government’s control. Should we now expect
the announcement of a new ‘International Accounting Scandal Warning’ system,
along with appropriate flags flying on public buildings in order to alert
the populace accordingly? – Anonymous
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