Nassau, Bahamas - The following is a press statement by L. Ryan Pinder, MP for Elizabeth on the Status of the Financial Service Industry.

The most recent publication of The Global Financial
Centers Index released in September demonstrates the erosion of the Financial Services
Industry of the Bahamas.

  I have
frequently stated that we need progressive vision and new policies in order for
the Financial Services Industry in the Bahamas to advance.

  The Financial Services Industry of the
Bahamas as compared to other countries fell five spots in the rankings...