Search results for : Regulatory
Oil regulatory reforms ready
March 15, 2012
Oil regulatory reforms ready
By NATARIO MCKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
THE MINISTER for the environment, Earl Deveaux, said yesterday that proposed amendments to regulations governing oil exploration in the Bahamas have been developed, and it will be up the next administration to decide whether to address them.
Speaking with Tribune Business, Mr Deveaux said the relevant regulations had requ...
FAILED BROKER IN '16 REGULATORY BREACHES'
January 15, 2012
FAILED BROKER IN '16 REGULATORY BREACHES'
By NEIL HARTNELL
Tribune Business Editor
THE SECURITIES Commission uncovered 16 alleged regulatory breaches during an on-site inspection of Caledonia Corporate Management less than one year before its $25 million collapse, Tribune Business can reveal, the regulator deciding to belatedly charge the former broker/dealer and its management to "send a clear message" to the Bahamian financial service...
September 07, 2011
REGULATORY COSTS LESS 'IN 2-3 YEARS' IF REFORMS RIGHT
By NEIL HARTNELL
Tribune Business Editor
THE right regulatory reform should reduce associated costs for the Bahamian financial services industry within two-three years, a leading attorney said yesterday, adding that completing this process should be among "the top three priorities" for the sector.
Suggesting that "it could be number one" on the priority list, Brian Moree QC, senior partner at M...
Regulatory Reform 'Coming to a Head'
August 30, 2011
Regulatory Reform 'Coming to a Head'
THE GOVERNMENT is moving to bring financial services regulatory consolidation "to a head", the minister of state for finance confirmed yesterday, with a draft Bill to amalgamate three regulators into one "consolidating Authority" currently being circulated among the private sector.
Zhivargo Laing confirmed to Tribune Business that the Government was aiming to "move forward as quickly as possibl...
July 21, 2011
'Major Mistake' Not To Finish Financial Regulatory Merger
The Government was yesterday urged to publicly commit to, and give a timeline for, completing financial services regulatory reform, a leading attorney warning it would be "a major mistake" not to complete the process.
Brian Moree, senior partner at McKinney, Bancroft & Hughes, told Tribune Business he feared that the relative success enjoyed in physically consolidating the Securities Commission...
BTC blasts Cable over regulatory complaint
May 12, 2011
BTC blasts Cable over regulatory complaint
By NEIL HARTNELL
Tribune Business Editor
Interconnection negotiations between the Bahamas' two main telecoms carriers appear to be increasingly fraught, as the Bahamas Telecommunications Company (BTC) yesterday hit back at rival Cable Bahamas for complaining to sector regulators that it was delaying reaching an agreement.
Instead, BTC alleged it was Cable Bahamas who was preventing the two part...
'Reach regulatory jungle finish line'
April 05, 2011
'Reach regulatory jungle finish line'
By NEIL HARTNELL
Tribune Business Editor
The Bahamas must "sort out the regulatory jungle" that its financial services industry has laboured with for many years, a senior attorney warned yesterday, explaining this was a key factor in the nation's failure "to make any significant inroads in the capital markets business".
Brian Moree QC, senior partner at McKinney, Bancroft & Hughes, told Tribune...
AML Foods battle exposes more regulatory weakness
February 24, 2011
AML Foods battle exposes more regulatory weakness
AAAHHHH! The innocence of youth. The Bahamian capital markets are yet young, and with youth comes inexperience and mistakes, born of being wet behind the ears. February kicked off with yet another milestone, the first 'hostile takeover' offer in their history, and the way this process has gone ever since demonstrates there is still much to learn if we are to avoid 'high farce'.
For despite the Se...
May 08, 2009
National Security Minister calls new regulatory regime 'progressive for broadcasting'
Hon. Tommy Turnquest, M.P., Contribution on the new Utilities Regulation and Competition Authority
Central Bank steps closer to credit bureau
August 25, 2010
Central Bank steps closer to credit bureau
By INDERIA SAUNDERS
Guardianâ Business Reporter
inderia@nasguard.com
The Central Bank is moving forward with its plans to set up the nation's first credit bureau, recently completing a review on how this country's legal and regulatory framework would have to be established for the launch.
Representatives from the International Financial Corporation(IFC)conducted the evaluation, with the ne...
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