Proposed changes to the management of large exposures are on the way, with the Central Bank of The Bahamas focusing on staying aligned with global standards.

A review of the proposed changes has already been completed, and the Central Bank intends to issue revised guidelines. One of the suggested modifications is the provision of a level of responsibility for the boards of directors of banks.
"The purpose of the review was to strengthen and clarify the guidance, where necessary, and to ensure that The Bahamas' rules remain consistent with international best practices in this area," according to a draft of the proposed changes. "The revisions to the guidelines primarily seek to ...

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