Scotiabank is celebrating its 60th anniversary in The Bahamas. District Head and Managing Director Sean N. Albert notes that the bank’s presence in the jurisdiction started in 1956 with its … Read More
The Threat of De-Risking in The Bahamas
Central Bank Governor John A. Rolle presented remarks today at the Grand Bahama Chamber of Commerce Luncheon in Freeport, Grand Bahama. He spoke to the origins of de-risking, the impacts … Read More
The Bahamas – Implementation of OECD Common Reporting Standard
Today the Minister of Financial Services, the Hon. C.V. Hope Strachan, M.P., issued a press release (see pdf below) providing an update on currents efforts to ensure the timely implementation … Read More
The OECD and The Global Growth Strategy
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 … Read More
WTO Calls For Credible Case For Trade
WTO Director-General Roberto Azevêdo attended the G20 Summit in Hangzhou, China, on 4-5 September to discuss trade and investment issues with the leaders of major economies. He also took part … Read More
Enhancements to Bahamas Securities Legislation
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 … Read More
US Treasury Releases Joint Fact Sheet On Foreign Correspondent Banking
Today, the U.S. Department of the Treasury released a Joint Fact Sheet on Foreign Correspondent Banking developed with the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit … Read More
G20 Summit to Discuss International Tax Transparency
EU Council and Commission Presidents Donald Tusk and Jean-Claude Juncker have outlined the key issues to be discussed at the G20 summit in Hangzhou on 4-5 September. On the matter … Read More
Caribbean Bankers Welcome IMF Comments on Correspondent Banking Issue
[Caribbean News Now](http://www.caribbeannewsnow.com/) reports that the [Caribbean Association of Banks Inc](http://www.cab-inc.com/) (CAB) strongly supports the recent remarks and proposed approach of IMF Managing Director Christine Lagarde regarding the de-risking/correspondent banking … Read More
Commonwealth Bank Opens New Training Centre
[Commonwealth Bank](http://www.combankltd.com) has officially opened the doors to its new $800,000 corporate learning centre. Located adjacent to its Prince Charles branch, the 8,740-square-foot single story building houses highly functional high-tech … Read More