BFSB

Securities Sector Legislative Developments

Wednesday May 14th, 2008

Legislative improvements and the implementation of a risk based, modern regulatory regime for the country’s securities sector are seen as critical steps in diversifying the second pillar of the Bahamian economy, and reinforcing growth for the country’s private wealth management services.

While banking institutions are the cornerstone of the industry, investment arms of financial institutions and small niche providers such as independent asset managers are key drivers of financial services in The Bahamas and globally.