Wealthy Russians and other foreign nationals who use Cyprus as an offshore financial center face the prospect of losing up to 40% of their deposits as a result of the collapse of the economy in the jurisdiction. This session will look at what caused the crisis, the financial impact on clients of Cyprus' offshore sector, which jurisdictions are likely to benefit from Cyprus' problems, and whether the debacle could be repeated in other OFCs.Speakers
- Tim Ridley, Former Chairman, Cayman Islands Monetary Authority (Cayman Islands)
- Gonzalo Jalles, CEO, Cayman Finance (Cayman Islands)
- Richard Rahn, Chairman, Institute for Global Economic Growth (Washington, DC)
- Warren Coats, Consultant, International Monetary Fund (Washington, DC)
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