Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Law > Business and Financial

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
  • Bahamas, The x
Clear All Modify Search
Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: Technical Assistance Report-Review of Regulations to New Securities Act and Investment Funds Act
International Monetary Fund. Monetary and Capital Markets Department
At the request of the Eastern Caribbean Securities Regulatory Commission (ECSRC), a Monetary and Capital Markets (MCM) Department mission conducted a review of a draft version of the new Investment Funds Regulations (IFR) and Securities Regulations (SR) form May 20–June 30, 2022. The two sets of regulations are a key part of the new regime to govern the capital markets in the member territories of the Eastern Caribbean Currency Union (ECCU).
Keywords:
Securities bill; ECCU member country; investment funds bill; Securities commission; IOSCO principle; Mutual funds; Securities; Securities regulation; Caribbean
Cover IMF Staff Country Reports
The Bahamas: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
International Monetary Fund. Western Hemisphere Dept.
The Bahamas is experiencing a tourism-led rebound. Real GDP growth in 2021 was close to 14 percent, as stayover tourist arrivals doubled relative to 2020. The economy is projected to expand by 8 percent in 2022. Nonetheless, it will likely take until 2024 to return to the 2019 level of GDP and the pandemic has given rise to significant human and social costs. The country’s medium-term growth challenges are likely worse than before, and public finances are in a more precarious state. Risks are skewed downwards given a difficult near-term financing situation, rising inflationary—and potentially BOP—pressures because of the war in Ukraine, an ongoing threat from the evolving pandemic, and the country’s high vulnerability to natural disasters.
Keywords:
Bahamian authorities; authorities project; government administration; foreign currency borrowing; IMF's transparency policy; COVID-19; Credit; Global; Caribbean
Cover IMF Working Papers
Financial Interconnectedness and Financial Sector Reforms in the Caribbean
Ms. Sumiko Ogawa, Mr. Joonkyu Park, Ms. Diva Singh, and Ms. Nita Thacker
Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial conglomerates dominating the financial system. While the greater interconnectedness can heighten systemic risks and likelihood of contagion, it can have positive impacts provided the regional authorities take steps to prevent the systemic risk. In this context, financial sector reform measures aimed at bolstering and harmonizing prudential regulations in line with international best practices, the strengthening and enhancement of financial sector supervision to include cross border linkages through consolidated supervision, increased cooperation across supervisors in the region, and the establishment of deposit insurance and crisis resolution frameworks will be critical to maintain financial sector stability and minimize the repercussions of any negative shocks.
Keywords:
WP; credit risk; financial system; parent bank support; resolution framework; problem bank; financial interconnectedness; financial sector in the Caribbean region; regulatory and supervision system; loan portfolio; market share; bank sector; BIS data; ECCU country; banking sector assets; systematic bank resolution framework; Latin American bank; ECCU's banking sector; liquid bank; Commercial banks; Financial contagion; Credit bureaus; Insurance companies; Caribbean; Global
Cover IMF Staff Country Reports
The Bahamas: Financial Sector Stability Assessment
International Monetary Fund. Western Hemisphere Dept.
This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector showed stability with high capital and liquidity and sustained challenges; the insurance sector also showed significant improvement. The current financial framework needs to be strengthened, and the mission recommends several reforms to handle financial shocks.
Keywords:
ISCR; CR; liquidity position; securities Commission of The Bahamas; U.S. dollar; bank lending; interest rate; financial system; CLICO Bahamas liquidation update; parent company; capital base; CBoB supervision; CBoB authority; Bahamas liquidation update; excess reserves; price index; onshore bank; offshore bank; Commercial banks; Insurance companies; Nonperforming loans; Global; Caribbean
Cover Working Together
Working Together
Improving Regulatory Cooperation and Information Exchange
International Monetary Fund

Abstract

Globalization requires enhanced information flows among financial regulators. Standard-setting bodies for financial sector regulation provide extensive guidance, but financial sector assessments have often found that problems in cooperation and information exchange continue to constrain cross-border supervision and financial integrity oversight. In July 2004, the IMF organized a conference on cross-border cooperation for standard setters, financial intelligence units (FIUs), and financial regulatory agencies. This book brings together conference papers in which participants discuss: information exchange for an effective anti–money laundering/combating the financing of terrorism (AML/CFT) regime, in terms of both standards and practices; the standards for cooperation in the insurance sector; and the experiences of regulators from banking, securities, and unified regulatory agencies with international cooperation. The book also includes papers providing a general overview of international standards and their implementation and, on the basis of survey results, of practices among financial sector regulators and FIUs.

Keywords:
SEM; securities regulator; requesting authority; regulatory authority; regulator in Jurisdiction B; Information exchange; legal power; banking supervisor; information database; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Legal support in revenue administration; Terrorism financing; Global; Africa; SEC staff; supervisory authority; Securities; Middle East; North Africa; East Africa
Cover IMF Staff Country Reports
The Bahamas: 2003 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund
The Bahamas showed strong performance owing to its prudent macroeconomic management. Executive Directors welcomed this step, and emphasized the need to strengthen fiscal and international reserve positions, and diversify the economic base to maintain confidence and reduce economic vulnerabilities. They stressed the need to accelerate structural reforms, improve financial supervision and regulation, and to bring the regimes for combating money laundering and terrorism financing. They appreciated The Bahamas's participation in the General Data Dissemination System, and encouraged action to remove inconsistencies that exist in the economic data.
Keywords:
ISCR; CR; deficit; government debt-to-GDP ratio; policy; IMF staff estimate; debt; central government deficit; debt path; open economy; slowdown well; government-guaranteed obligation; Government debt management; International reserves; Caribbean; Global