LONDON (Bloomberg) — The Cayman Islands, the Caribbean base for as many as 10,000 hedge funds, needs a bigger role in global discussions about financial regulations, the chairman of Cayman's stock exchange said yesterday.

International talks about extending capital and liquidity requirements to the biggest hedge funds need to include the territory, said Anthony Travers, the chairman of the stock exchange and of the Cayman Islands Financial Services Association, a trade group.

Lawmakers from the Group of 20 Nations will gather in Pittsburgh this month at a second summit in six months to discuss how to reform regulation in the wake of the worst financial crisis since the Great Depression. They pledged in April to bring systemically important hedge funds into the regulatory fold.

"I don't think we are sufficiently consulted," Travers said in an interview in London yesterday. "If the G-20 decided that all hedge funds must operate under these regulations or close, then of course we would make sure that these regulations were introduced."