IBFS 2017: Responding to Change Through Innovation

December 22, 2016By @BahamasFSBBFSB News, Business, Industry News, The Economy

The annual [International Business & Finance Summit](http://www.ibfsbahamas.com/ibfs2017/ ) (IBFS) will be held January 26-28, 2017 in the idyllic surroundings of Grand Bahama at the Lighthouse Pointe, The Grand Lucayan Resort. It will bring together key stakeholders, executives and thought leaders to discuss matters pertinent to the industry. Specifically, says BFSB CEO Tanya McCartney, *”IBFS 2017 … Read More

The Bahamas Makes Progress in the Implementation of CRS

December 21, 2016By @BahamasFSBBusiness, Industry News, International Issues, Legal, Tax Co-operation, The Economy

Minister of Financial Services the Hon. C.V. Hope Strachan reported today that [the Bill](http://www.bfsb-bahamas.com/news.php?cmd=view&id=3694&pre=y) to provide for the implementation of the Common Standard on Reporting and Due Diligence for Financial Account Information in Tax matters and for connected purposes now has been passed unanimously in both Houses of Parliament. A release from the Ministry notes … Read More

FSB On Decline in Correspondent Banking

December 19, 2016By @BahamasFSBBusiness, Industry News, International Issues, The Economy

The Financial Stability Board (FSB) has released its latest progress report on the implementation of its four-point action to assess and address the decline in correspondence banking. The progress report includes a set of deliverables for 2017 to implement the action plan, and describes progress in taking forward the plan: * Further examining the dimensions … Read More

US Senate Passes US-Caribbean Strategic Engagement Act 2016

December 14, 2016By @BahamasFSBBusiness, The Economy

The [legislation](https://www.govtrack.us/congress/bills/114/hr4939) to enhance US engagement with the Caribbean has passed both the House and Senate and is headed to President Barack Obama for signature into law. Sponsored by Rep. Eliot Engel (D-NY), ranking member of the House Committee on Foreign Affairs, and Rep. Ileana Ros-Lehtinen (R-FL), a former chair of the Committee, the new … Read More

IMF Mission Concludes Visit to The Bahamas

December 13, 2016By @BahamasFSBBusiness, International Issues, The Economy

An International Monetary Fund (IMF) team led by Jarkko Turunen visited The Bahamas from December 7-13, 2016, to update the economic and financial outlook following Hurricane Matthew. The team reports that despite significant damage by Hurricane Matthew, growth is expected to resume next year, supported by construction activity and work toward completion of Baha Mar … Read More

Caribbean Infrastructure Finance Forum 2016

December 9, 2016By @BahamasFSBBusiness, The Economy

CIBC FirstCaribbean was title sponsor for the 3rd Caribbean Infrastructure Finance Forum held Dec 6-7 at the British Colonial Hilton. Managing Director of Corporate & Investment Banking, Berisford Grey says the institution is committed to assisting governments across the region to achieve their infrastructure development goals. *”What we want to do is be there as … Read More

Securities Commission Rules to Facilitate Small Business Funding

December 5, 2016By @BahamasFSBBusiness, Securities Industry, The Economy

New Rules under development by the [Securities Commission of The Bahamas](http://www.scb.gov.bs) would allow entrepreneurs to use crowdfunding to raise up to $1,000,000 and make it easier for small businesses to raise up to $3,000,000 per year. Crowdfunding Rules as well as Micro, Small and Medium Enterprise (MSME) Rules are being developed to introduce specific regulations … Read More

Accountants on the Business Front Line – With Strong Role in National Development

November 14, 2016By @BahamasFSBBusiness, Insurance, The Economy

The Rt. Hon. Perry G. Christie delivered Opening Remarks at the 2016 Accountants Week series of seminars today. The [Bahamas Institute of Chartered Accountants](http://www.bica.bs/) (BICA) is partnering with the American Institute of Certified Public Accountants to host the seminars under the theme, ‘Capitalising on Our Past and Building Opportunities for the Future’, and PM Christie … Read More