Minister Reaffirms Commitment to Industry

June 1, 2016By @BahamasFSBIndustry News, Newsletter, Private Wealth Management

The recent addition of a banking licence to Sterling Bank and Trusts portfolio of services is *“a clear and unequivocal demonstration of the faith, confidence and commitment in The Bahamas as a premier financial service center,”* according to The Hon. C.V. Hope Strachan, M.P., Minister of Financial Services. Speaking at launch ceremonies for Sterling’s banking … Read More

BFSB Identifies Future State Roadmap for Financial Services

June 1, 2016By @BahamasFSBBFSB News, Industry News, Newsletter

Five areas of opportunity have been identified by the Bahamas Financial Services Board (BFSB) in an updated strategy for the country’s financial services industry. The *“Future State Roadmap for Financial Services”* was developed following extensive consultation with BFSB members and Government and regulatory representatives, coordinated by Ernst & Young. The updated 2016 strategy consolidates market … Read More

Captives Will Find Advantages in The Bahamas

May 30, 2016By @BahamasFSBIndustry News, Insurance, Newsletter

With a wealth management pedigree unmatched in the region The Bahamas is strategically cultivating captive insurance as an important addition to its growing and impressive array of financial services. The Bahamas, which marked 40 years of independence in 2013, offers a number of advantages as a jurisdiction of choice to captive insurance companies, including: * … Read More

What Makes The Bahamas The Jurisdiction of Choice for International Financial Services?

May 12, 2016By @BahamasFSBBFSB News, Industry News, Newsletter

Any country heavily engaged in financial services bears the responsibility and a commitment to the international community of which it is intricately involved, the financial institutions operating within its borders, the clients which it serves and its citizens which rely on the sustainability of the industry for continued economic development. The Bahamas is such a … Read More

BFSB & PartnersTeam Up with Rosetta Stone to Expand Language Learning Programme

October 4, 2015By @BahamasFSBBFSB News, Education & Training, Industry News, Newsletter

The Bahamas Financial Services Board and the Ministry of Financial Services last month partnered with the Ministry of Education and language learning programme Rosetta Stone Inc. (NYSE:RST) to introduce a pilot programme within public junior and senior high schools throughout The Bahamas. The programme started in September and will continue through to the end of … Read More

The A BEE Cs of Family Governance – The Bahamas Executive Entity

October 3, 2015By @BahamasFSBBFSB News, Industry News, Newsletter, Private Wealth Management

When The Bahamas passed the [Executive Entities Act]( in 2011, it did so in an attempt to resolve what Rose Chamberlayne, partner in the London firm of Wiggin, Osbourne, Fullerlove, describes as a *“universal challenge”*, in that families can go from *“shirtsleeves to shirtsleeves in three generations.”* Ms. Chamberlayne is a former partner at Macfarlanes … Read More