Search results for : Regulatory
Consolidation coming for regulatory bodies
Consolidation coming for regulatory bodies
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...
Steps to ensure robust regulatory compliance?
URCA hosts its 2nd Regulatory Forum
URCA hosts its 2nd Regulatory Forum
The Utilities Regulation and Competition Authority (URCA), in partnership with the Public Utilities Research Center (PURC) of the Warrington College of Business at the University of Florida, recently hosted its second in a series of Regulatory Forums for Senior Technical Officers at the British Colonial Hilton Hotel, Nassau, The Bahamas...
Survey stresses importance of activating regulatory framework for private pension schemes
Survey stresses importance of activating regulatory framework for private pension schemes
Private pension fund assets are on the increase, with fund holdings close to $1.2 billion by the end of 2017 and the communications and utilities sector holding the largest amount of pension funds. However, the benefits paid out appear to be increasing quicker than the [...]
DPM: Proper regulatory framework for digital currency essential
A proper regulatory framework to support The Bahamas' first digital currency is the only way to safeguard against shysters and con artists, Minister of Finance Peter Turnquest insisted yesterday. Cabinet is expected to review the first draft of legislation to provide for blockchain applications of [...]
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Resistance to regulatory changes in futile for small, independent nations
Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said that when it comes to regulatory best practice, the only constant has been change...
Symonette: Changes to legal, regulatory framework needed following blacklisting
The Bahamas must undergo changes to its legal and regulatory framework, and implement additional accounting and reporting obligations in order to be removed from the European Union's (EU) list of uncooperative countries, Minister of Financial Services, Trade and Industry and Immigration Brent Symonette said yesterday, [...]