The Bahamas Financial Services Board in collaboration with the Ministry of Financial Services hosted two successful briefings in Rio De Janeiro and Sao Paulo, Brazil on October 14th and 17th. The Hon. Elsworth Johnson, Minister of Financial Services, Trade & Industry and Immigration addressed attendees and reaffirmed that The Bahamas is open for business and … Read More
International Issues
BAHAMAS LANDFALL: Destination Brazil
The Bahamas Financial Services Board (BFSB) would like to invite you to attend our Brazil landfall events scheduled for São Paulo and Rio de Janeiro on April 5th and 6th respectively. The Bahamas Landfall Series was devised by BFSB as a promotional event designed to provide financial services intermediaries and other service providers with updates … Read More
BFSB HOSTS SUCCESSFUL INTERNATIONAL BUSINESS AND FINANCE SUMMIT 2017
The Bahamas Financial Services Board (BFSB) hosted its 14th International Business & Finance Summit (IBFS) 2017 which took place at Lighthouse Pointe, Grand Lucayan Resort, Grand Bahama from January 26-28th, 2017 under the theme “Financial Services: Responding to Change through Innovation”. The event attracted approximately one hundred and fifty practitioners (local and international) regulators, government … Read More
FSB publishes Policy Recommendations to Address Structural Vulnerabilities from Asset Management Act
The Financial Stability Board (FSB) today published Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities. The document sets out 14 final policy recommendations to address the following structural vulnerabilities from asset management activities that could potentially present financial stability risks: 1. liquidity mismatch between fund investments and redemption terms and conditions for open- … Read More
IMF Executive Board Concludes 2016 Article IV Consultation Discussions with China
Hong Kong SAR’s growth expected to have slowed to 1.5% in 2016, and pick up modestly to about 2% in 2017, driven mainly by private consumption. Main risks are less-than-expected growth in China, uncertainty stemming from the U.S. developments and global market volatility, as well as local property market. To counter renewed signs of overheating … Read More
Novel Facebook-based survey measures citizen frustration with bureaucracy in Latin America and Carib
The Inter-American Development Bank launched two studies that show the low regard citizens have for the quality of public services they receive and how innovation can help make these services less bureaucratic. [IDB Release](http://www.iadb.org/en/news/news-releases/2017-01-12/perceptions-of-bureaucracy-in-latin-america,11704.html)
Stronger signals of growth momentum picking-up in several major OECD economies
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to point to growth momentum picking up in several advanced economies. The CLI for Germany anticipates growth gaining momentum. In the United States, Canada, and France the CLIs confirm the signs of growth gaining momentum flagged in last month’s … Read More
CFATF Issues Jamaica’s 4th Round Mutual Evaluation Report
This report provides a summary of the AML/CFT measures in place in Jamaica as at the date of the on-site visit (1st – 12th June, 2015). It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Jamaica’s AML/CFT system, and provides recommendations on how the system could be … Read More
Automatic Exchange of Information (AEOI) Legislation
Please be advised that The Automatic Exchange of Financial Account Information Act, 2016 (This Act came into force on the 1st day of January 2017) was assented to and has been published in the Official Gazette, The Bahamas on the 29th December, 2016. The Automatic Exchange of Financial Account Information Act, 2016, and Intended countries … Read More
European Reunion Project
Malta’s Presidency of the Council of the European Union will herald the beginning of a European “reunion” project, Prime Minister Joseph Muscat said today in a New Year’s message to the nation. Dr Muscat said Malta has to “rise to the occasion” and ensure its presidency helps the EU overcome the serious challenges it faces. … Read More