The [GFCI 20](http://www.longfinance.net/global-financial-centres-index-20/1037-gfci-20.html) has been released by the Z/Yen Group Limited. It provides profiles, rating and rankings for 87 financial centres, drawing on two separate sources of data – instrumental … Read More
The Economy
Strengthening the Competitiveness of The Bahamas Financial Services Sector
The Hon. C. V. Hope Strachan, MP, Minister of Financial Services in The Bahamas, presented opening remarks at the [2016 Nassau Conference](http://nassauconference.com/) this morning. The Ministry is a Platinum Sponsor … Read More
OECD: Weak Trade and Financial Distortions Damage Global Growth Prospects
The OECD has released its latest [Interim Economic Outlook](http://www.oecd.org/eco/outlook/OECD-Interim-Economic-Outlook-September-2016-handout.pdf), warning that a low-growth trap has taken root, as poor growth expectations further depress trade, investment, productivity and wages. It projects … Read More
CARICOM on DeRisking
Antigua and Barbuda Prime Minister Gaston Browne recently met officials of the Barbados-based Caribbean Development Bank (CDB) and the Jamaica National Building Society (JNBS) on the Region’s efforts to address … Read More
The Threat of De-Risking in The Bahamas
Central Bank Governor John A. Rolle presented remarks today at the Grand Bahama Chamber of Commerce Luncheon in Freeport, Grand Bahama. He spoke to the origins of de-risking, the impacts … Read More
Scotiabank Celebrates 60 Year in The Bahamas
Scotiabank is celebrating its 60th anniversary in The Bahamas. District Head and Managing Director Sean N. Albert notes that the bank’s presence in the jurisdiction started in 1956 with its … Read More
US Treasury Releases Joint Fact Sheet On Foreign Correspondent Banking
Today, the U.S. Department of the Treasury released a Joint Fact Sheet on Foreign Correspondent Banking developed with the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit … Read More
Caribbean Bankers Welcome IMF Comments on Correspondent Banking Issue
[Caribbean News Now](http://www.caribbeannewsnow.com/) reports that the [Caribbean Association of Banks Inc](http://www.cab-inc.com/) (CAB) strongly supports the recent remarks and proposed approach of IMF Managing Director Christine Lagarde regarding the de-risking/correspondent banking … Read More
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 … Read More
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, … Read More