04/21/2021 | Press release | Distributed by Public on 04/21/2021 14:00
It is always a pleasure to bring remarks on the state of affairs in the financial services industry from the perspective of the regulator. I would like to recognise all of our industry stakeholders participating in this strategy summit, the Minister and other senior representatives from the Ministry of Financial Services, and representatives from the Bahamas Financial Services Board.
Today my remarks are on the subject of financial stability and the importance of the financial services sector. Each of these themes can be dealt with separately. However, I will connect both by underscoring the importance of the second element of stability in how we should view international financial services exports. Stability, however, in the mainstream is systemically important for the operations of the domestic sector. I will take up this topic before speaking to the overall importance of the financial sector.
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