Spotlight News

FSB Progress Report to G20 on Correspondent Banking

The Financial Stability Board (FSB) today published its Progress report to the G20 on the FSB action plan to assess and address the decline in corresponding banking. The progress report is being submitted to the G20 Leaders’ Summit in Hangzhou on 4-5 September 2016, as requested by G20…

Signatories to Convention on Mutual Administrative Assistance in Tax Matters Now Exceed 100

Burkina Faso, Malaysia, Saint Kitts and Nevis, Saint Vincent and the Grenadines, and Samoa today signed the [Multilateral Convention on Mutual Administrative Assistance in Tax…

Economic Outlook Stable

The Bahamas Government remains optimistic about the state of the economy going forward, notwithstanding the decision by Moody’s Investor Services to proceed with a downgrade to the sovereign credit rating, taking comfort that the Baa3 rating is still investment grade and that the economic…

2016 FSI Excellence Awards: Nominations Now Open

The Bahamas Financial Services Board (BFSB) has opened nominations for the 2016 Financial Services Industry (FSI) Excellence Awards. Introduced in 2001, these Awards recognize and pay tribute to the “People Power” that drives the sector. The programme is coordinated in collaboration…

Liechtenstein Ratifies the Convention on Mutual Administrative Assistance in Tax Matters

Liechtenstein today deposited its instrument of ratification for the [Convention on Mutual Administrative Assistance in Tax…

Industry Calls on Attorney General

The Bahamas Financial Services Board (BFSB) and The Association of International Bank & Trust Companies (AIBT) paid a courtesy call on Senator the Honourable Allyson Maynard-Gibson, Attorney General and Minister of Legal Affairs, at The Office of the Attorney General on Wednesday, August 17,…