The Board of Directors and Staff of BFSB want to share their best wishes for a happy holiday season and a prosperous 2006.

This past year has been one of several developments within financial services, throughout which BFSB has remained focused on the three “Cs” – “Continuity, Consistency and Commitment” – important requisites in financial services.

An important feature of BFSB’s operations has been to provide informal settings with industry stakeholders to promote interactive discussions on general and sector-specific business activities and opportunities; and to listen to input on how BFSB may best accomplish its mandate relating to the continued development of The Bahamas as an international financial centre, through active partnership with industry stakeholders.

We would like to extend our sincere appreciation to all who have contributed to the success of The Bahamas and BFSB through the time contributed, your readily shared expertise and your resources.

As we conclude our work for 2005, we are pleased to release our 2005 annual report. It includes highlights of 2005 and 2004, and updates on international developments at the time of going to press, along with two guest articles on (i) Trusts and (ii) Information Exchange. The Annual Report is available on our site *(See link below)*, as are our various other publications, including the Ebusiness, Foundations, Investment Funds, and Private Wealth Management Guides and the Legislative Summaries.

We look forward with great anticipation to 2006 and the continued success of our sector, which is made possible by the invaluable support of members and other industry stakeholders.

Seasons Greetings to all!