On November 9, 2015, the Basel Committee published a consultation paper on TLAC holdings, setting out the proposed prudential treatment of investments in TLAC-qualifying instruments by both G-SIBs and non-G-SIBs that are subject to the Basel Committee's standards.

The Securities Commission of The Bahamas (SCB) today issued a release concerning the publication of its Guidelines relating to the fast tracking of applications for the licensing of investment funds that <I>"target accredited or sophisticated investors."

The Bahamas Financial Services Board will be an Associate Sponsor at GAIM 2004 in Lausanne, Switzerland June 8-10.

The Managed Funds Association (MFA) will host <I>Forum 2004</I> on June 14-16 at The Waldorf-Astoria in New York.

During a first-ever Swiss-EU Summit in Brussels on Wednesday, Switzerland and the EU signed nine bilateral agreements, ranging from tax to the free movement of people.

The Bahamas has moved quickly to provide disaster relief services to financial institutions in the Cayman Islands affected by Hurricane Ivan. Cayman licensed institutions are being allowed to establish operations on a temporary basis in The Bahamas.

The Bahamas will be represented at the 5th Annual Offshore Financial Services Summit on May 26-27, at Simpson's-in-the-Strand, London.

The Bahamian economy has recovered well from the 2001-02 slowdown, achieving some acceleration of activity in 2004 even in the face of two hurricanes, according to the International Monetary Fund (IMF).

The Bahamas Government has established a committee with representatives from all of the country’s financial regulatory institutions to consider options for consolidating regulatory agencies into one or more bodies.

Writing for European CEO, BFSB CEO & Executive Director Wendy C. Warren touts historic growth and increasing leadership in financial services, and firmly places The Bahamas amongst the world's premier international centres.

In Basel yesterday, the Bank for International Settlements (BIS) announced that The Joint Forum had released a report examining trends in outsourcing in the financial sector.

The Central Bank of the Bahamas has released an update on recent economic developments and prospects, noting that the Bahamian economy expanded during the first half of 2004 with the momentum expected to continue through 2005.

The Bahamas has become the first premier Common Law jurisdiction to introduce Foundations, and this article represents the second in a series of reports on this new product in The Bahamas’ toolkit.

The Bahamas is the first premier Common Law jurisdiction to introduce Foundations. Wendy Warren, CEO & Executive Director of the Bahamas Financial Services Board, says that in launching its Guide to Foundations, The Bahamas as a Common Law country has looked beyond its boundaries and traditions to be of greater relevance for estate planning by persons from civil law countries.

The Bahamas has made significant strides in the investment funds area, particularly in the past few years with the passage of the Investment Funds Act in 2003.

Amendments to the International Business Companies Act 2000 have resulted in legislative enhancements that reinforce the IBC as an important part of the comprehensive range of products and services available from Bahamian service providers.

In Paris today, the Organisation for Economic Cooperation and Development (OECD) announced that the governments of its member countries have approved a revised version of its Principles of Corporate Governance.

In its Compliance North America feature this week, <I>Complinet</I> features the annual Anti-Money Laundering Seminar hosted last week by the Bahamas Association of Compliance Officers (BACO).