Open for Business

October 12, 2016By @BahamasFSBBusiness, The Economy

Post Hurricane Matthew, The Bahamas is open for business. The Hurricane impacted various islands in the archipelagic Islands of The Bahamas, either as a Category 3 or 4 storm, with winds as much as 140 mph in some instances. That being said, The Bahamas fared reasonably well, although undergoing structural loss to buildings and homes … Read More

United Nations: A Level Playing Field

September 27, 2016By @BahamasFSBBusiness, Industry News, International Issues, The Economy

The Hon. Frederick A. Mitchell, M.P., Bahamas Minister of Foreign Affairs and Immigration, presented [remarks](http://www.un.org/apps/news/story.asp?NewsID=55122#.V-w10_Q0OfY) at the United Nations General Assembly on Monday, September 26. The General Assembly was held under the theme: “The Sustainable Development Goals: A Universal Push to Transform Our World”, and the Minister spoke to various initiatives in which The Bahamas … Read More

CARICOM on DeRisking

September 14, 2016By @BahamasFSBBusiness, Industry News, International Issues, The Economy

Antigua and Barbuda Prime Minister Gaston Browne recently met officials of the Barbados-based Caribbean Development Bank (CDB) and the Jamaica National Building Society (JNBS) on the Region’s efforts to address the withdrawal of correspondent banking services. The Prime Minister is leading the advocacy taken on by [CARICOM](http://www.caricom.org/) on the matter. Also discussed was the upcoming … Read More

The OECD and The Global Growth Strategy

September 5, 2016By @BahamasFSBBusiness, International Issues, Tax Co-operation

Leaders of the G20 countries meeting at their [Summit](http://www.g20.org/English/index.html) in Hangzhou, China, have called on the OECD to help develop an agenda to building a stronger, more innovative and inclusive world economy. The leaders endorsed a series of Action Plans to implement their growth strategies covering a broad swathe of policy areas – from innovation … Read More

Enhancements to Bahamas Securities Legislation

September 1, 2016By @BahamasFSBBusiness, Industry News, Securities Industry

The Government has tabled in the House of Assembly amendment legislation designed to enhance and clarify the Securities Commission’s structure and responsibilities. Minister of Financial Services the Hon. C.V. Hope Strachan, M.P. said the Securities Industry (Amendment) Bill also is a step towards improving the ease of doing business in The Bahamas. *“The legislation is … Read More

Economic Outlook Stable

August 22, 2016By @BahamasFSBBusiness, The Economy

The Bahamas Government remains optimistic about the state of the economy going forward, notwithstanding the decision by Moody’s Investor Services to proceed with a downgrade to the sovereign credit rating, taking comfort that the Baa3 rating is still investment grade and that the economic outlook has been upgraded to stable by the agency. The Ministry … Read More

LINK-Caribbean

August 11, 2016By @BahamasFSBBusiness, International Issues, The Economy

The Caribbean Export Development Agency (Caribbean Export) is partnering with the World Bank Group to bring greater access to finance for Caribbean entrepreneurs and develop the region’s angel investment ecosystem. LINK-CARIBBEAN aims to stimulate private investment into early-stage enterprises by providing funding products that help entrepreneurs raise capital. The programme will also develop a Regional … Read More

Disconnecting from Global Finance

August 10, 2016By @BahamasFSBBusiness, Industry News, International Issues, The Economy

**The Impact of AML/CFT Regulations in Commonwealth Developing Countries** The Commonwealth Secretariat has released its report on de-risking in the Commonwealth, noting that it seeks to complement and enhance previous research undertaken by international organisations, such as the Financial Stability Board, the Financial Action Task Force and the World Bank, and by research institutes, such … Read More