Spotlight News

Commonwealth Bank Limited Lists Preference Shares

The Bahamas International Securities Exchange (BISX) announced today that Commonwealth Bank Limited (“CBL”) has successfully completed the listing process for its Class E,J,K,L,M and N Preference Shares (The Preference…

BISX – New Sponsor Member

The Bahamas International Securities Exchange (BISX) has announced that Colonial Pension Services (Bahamas) Ltd. has been approved as a BISX Sponsor Member. BISX Sponsor Members are responsible for bringing mutual fund listings to the Exchange and acting as the first point of contact for mutual…

FATCA Compliance

On Thursday, April 16, the Ministry of Financial Services and Ministry of Finance co-hosted a FATCA Industry Briefing to highlight the progress made by The Bahamas in readying itself and the financial services industry for compliance with the Foreign Accounts Tax Compliance Act (FATCA) of the…

Global Growth to Rise Slightly, But Unevenly

The International Monetary Fund (IMF) said Tuesday that the global economy would grow a tiny bit faster in 2015, but that growth will be uneven. “This global number reflects two main evolutions," said IMF chief economist Olivier Blanchard. *"The first one is an increase in the growth rate…

The Seventh Summit of the Americas

On April 10-11, 2015 in Panama City, Panama the Heads of State and Government of the Americas addressed the Seventh Summit’s central theme, “Prosperity with Equity: The Challenge of Cooperation in the Americas". Sub-themes included education, health, energy, environment, migration,…

Securities Commission of The Bahamas Signs Additional AIFMD MoUs

The Securities Commission of The Bahamas has signed Memoranda of Understanding (MoUs) under the European Union's (EU) Alternative Investment Fund Managers Directive (AIFMD) with the securities regulators of Cyprus, Austria and Spain.

The Commission’s Chairman, Mrs. Tonya Bastian-Galanis,…