11/20/2020 | Press release | Distributed by Public on 11/20/2020 09:41
(Grand Cayman - Friday, 20 November 2020) The Cayman Islands Monetary Authority ('CIMA') proudly joins regulators from over 100 jurisdictions to celebrate World Investor Week ('WIW') 2020. Led by the International Organization of Securities Commissions ('IOSCO'), the campaign seeks to raise awareness about the importance of investor education and protection.
The week-long event usually takes place in October; however, due to logistical issues and other challenges posed by the pandemic, regulators were given the opportunity to choose alternative weeks in October or November to stage their events. For CIMA, this year's campaign will take place from 23 - 27 November and is designed to promote financial resilience and help investors make sound decisions.
Key messages will highlight the basics of investing, including, among other things, the importance of understanding that all investments entail risk, learning the right questions to ask when choosing an investment, recognising the common red flags of illegal cash investment opportunities, and planning for life's unexpected challenges in uncertain times.
As a member of IOSCO, CIMA recognises the importance of this initiative and sees the campaign as a good opportunity to promote smart investment strategies within the Cayman Islands, especially in the wake of the global pandemic, when persons are more vulnerable to financial hardship. CIMA, therefore, encourages all stakeholders within the local financial community, including the general public, to take part in WIW and enhance the effectiveness of these important messages.
For more information about WIW, visit www.worldinvestorweek.org