Chairman Says BFSB Executes Mandate In Collaboration with Industry Stakeholders
The Bahamas Financial Services Board held its 2005 Annual General Meeting on Tuesday, September 6, in the Victoria Room of the British Colonial Hilton Hotel.
In his remarks to members, Chairman Bruno Roberts spoke to the opportunities and challenges brought about by the changing environment in financial services -- legislation and regulation, consolidation, and the introduction of new products, services and technology. In particular, he said fast pace developments in the global regulatory landscape represent a significant change in the way financial services organisations must operate.
Mr. Roberts’ presentation, which followed the CEO's annual report on BFSB's activities during 2004-2005, served to highlight some key areas of focus by the private-sector led body which acts as a catalyst for continued development of The Bahamas as an international financial centre. Specifically:
(i) adapting to change to effectively fulfil its mandate;
(ii) strategic planning;
(iii) efficient and reliable services;
(iv) research on market perception; and
(v) marketing and policy development.
Recognising that BFSB is a by product of the contribution of its members, the Chairman thanked all members for their continued support of the various projects pursued. "We benefit tremendously from your expertise and willingness to actively participate. You open many doors for us. Given our limited budget, we could not carry out our mandate without your contributions. For this, your Executive is eternally grateful and reliant," he said.
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