 Regulation and supervision of the financial services industry is the responsibility of the Cayman Islands Monetary Authority (CIMA).Sir Vassel Johnson was a pioneer of Cayman’s financial services industry.Sir Vassel, who became the only Caymanian ever knighted in 1994, served as the Cayman Islands financial secretary from 1965 through 1982 and then as an Executive Council member from 1984 through 1988.