Spotlight News

Industry Practitioners Selected for 2015 ACI Designation Scholarships

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) announced today that the Selection Committee has decided on the recipients for the two scholarships they provide for the Associates in Captive Insurance (ACI) designation, offered by the [International…

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…

Accounting Profession Strengthened by New Legislation

The Hon. C.V. Hope Strachan, Minister of Financial Services, contributed to today's Parliamentary Debate on the new Bahamas Institute of Chartered Accountants Bill, 2015. She said the legislation signals to the world - and especially international regulators - that the Bahamas Institute of…

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…