#BTColumn - To de-risk or not to de-risk? barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
If there is one thing about Minister of Energy and Business Mr. Kerrie Symmonds is that there is not much space between his mouth and his heart. He tends to shoot from the hip with little ambiguity about his position on issues.And so, it was heartening but not surprising, some of the sentiments he expressed to attendees at the Luncheon Seminar hosted by BIBA, the Association for Global Business at the Savannah Hotel earlier this week.The Senior Minister was candid, informative, and addressed several pressing issues facing the country’s global business sector, its corporate participants, and the raft of professionals who work in it. He also had some tough words for agencies that complement and support the role of the sector.The seminar titled The Road Ahead for Global Business in Barbados was fitting, given the magnitude of challenges confronting the sector that has become a critical pillar and economic driver.He outlined his own fears, articulating that he viewed financial derisking
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Bahamas PM Davis accuses international financial regulators of discrimination thecaribbeancamera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecaribbeancamera.com Daily Mail and Mail on Sunday newspapers.
The Caribbean has made one of its strongest cases yet to a global superpower over the vexing issue of derisking and the quickly disappearing access to correspondent banking services. The situation poses a grave threat to our small and vulnerable economies.In a historic presentation to the United States House Committee on Financial Services led by chairwoman Maxine Waters, the regional representatives convincingly argued their case and succeeded in putting a human face to what has become a burgeoning crisis.Prime Minister Mia Mottley is fittingly being praised for giving leadership to the issue and for using the global leverage she has acquired over the past four years, to force the American political actors to take a second look at the consequences of this over-regulation of the region’s financial sector.Under the theme When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access, Mottley led a formidable team of expert witnesses inclu