Dear Members,
We are pleased to issue another BFSB member newsletter. The
industry has been impressively resilient in the face of the recent
challenges posed by the COVID19 pandemic. We have not been impeded
in conducting business and delivering bespoke solutions to meet
changing diverse client needs. In fact, the current situation has
highlighted some opportunities to grow the sector and increase our
contribution to the economy with increased public private sector
collaboration.
On July 20th , the Financial Services Subcommittee of the
National Economic Recovery Committee hosted a virtual townhall.
Members of BFSB were actively engaged in the dialogue and put
forward recommendations that will be included in the report to the
government of The Bahamas. The feedback received highlighted the
areas in which we can increase competitiveness. These include
immigration, improving ease of doing business and reducing the risk
profile of the jurisdiction. Despite the
