Local financial institutions are receptive to the new risk assessment framework being introduced by the Central Bank of The Bahamas, with the governor of the bank saying she is encouraged by the responses. Wendy Craigg told Guardian Business that the recent Risk-Based Supervision Framework (RBSF) seminars were a success and were "extremely useful" in terms of identifying the various risks that local firms face. "The two industry seminars went very well, gauging from the feedback we have received," Craigg said. "Representatives of the firms welcomed the initiative by the Central Bank, acknowledging the benefits of a risk based assessment framework." The RBSF.....

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