Ambassador James Smith Bahamas Ambassador for Trade, James Smith, recently addressed a BFSB Industry Roundtable on the impact of Supranational Organisations on the Bahamas. Multilateral agencies like the IMF and … Read More
Bahamas Takes on Leadership for Services Group in FTAA Negotiation Process
The Bahamas has taken on the Chairmanship of the Services Negotiating Group as the FTAA Negotiating Process moves towards 2005. The Negotiating Group succeeded the Services Working Group established after … Read More
Summit of the Americas Releases Statement on Connectivity
In addition to the Declaration of Quebec and Plan of Action, Hemispheric Leaders participating in the 3rd Summit of the Americas also issued a “Statement on Connectivity”. This joint Statement … Read More
Financial Services Regulations & Regulators
FINANCIAL SERVICES REGULATIONS & REGULATORS The Central Bank of The Bahamas Act 2000 and the Banks and Trust Companies Regulation Act 2000 provide for: -improved supervision -on-site inspection of banks … Read More
Banking Industry: New Laws Having Positive Effect
Half of Managed Banks in The Bahamas to Establish Operations More than half of the 124 registered managed banks in The Bahamas are expected to remain in the country and … Read More
Bahamas Participates in Summit of The Americas: Calls for Level Playing Field in Financial Services
Speaking at the 20-22 April Summit in Quebec, the Rt. Hon. Hubert A. Ingraham, Prime Minister of the Commonwealth of The Bahamas, indicated that the third gathering of Hemispheric Heads … Read More
Economy Shows No Signs of Business Loss
In addressing the business and financial community at a recent luncheon hosted by the Bahamas Chamber of Commerce, Governor Julian Francis of the Central Bank of The Bahamas claimed that … Read More
Bahamas Signs UN Convention Against Transnational Organised Crime
Foreign Affairs Minister Janet Bostwick last week in the House of Assembly tabled a communication on the United Nations Convention Against Transnational Organised Crime, an outgrowth of a draft framework … Read More
New Industry Legislation Will Spur Financial Sector Growth
The Bahamas will be better positioned as one of the leaders in international financial services as a result of the new financial service legislation introduced by the Government during the … Read More
Small & Developing Economies Form New, Inclusive Group on Tax & Investment Issues
Arising out of the work of the joint Commonwealth/OECD Working Group on Harmful Tax Competition, has been the formation of the International Tax and Investment Organisation (ITIO), a new multilateral … Read More