Government’s plans to amalgamate the three regulatory bodies of the financial services industry are on track, with significant progress anticipated next year.
The move aims to bring the Securities Commission, the Insurance Commission and the Bank Supervision Department of The Central Bank of The Bahamas together, to improve efficiencies and offer better service to those institutions who fall under their regulatory authority, according to Minister of State in the Ministry of Finance, Zhivargo Laing.
“There is probably clear evidence that there may be a need for increased numbers of talent in this area, and improved numbers of talent,” Laing told Guardian Business in an exc ...

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