HOLIDAY HOURS: Our offices will close on December 23, 2016 at 12:30pm & reopen on December 28, 2016. We will also be closed on January 2, 2017, resuming normal hours on January 3, 2017.
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Category: Press Releases

CRS Update

CRS Update

From the CEO of BFSB: Dear Members, Please be advised that a BFSB CEO’s Briefing session was held at the British Colonial Hilton on January 4th, 2016 . We used this opportunity to provide an update on the current status of the CRS implementation process and would like to share the key highlights of the […]

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IMPORTANT NOTICE: CRS Implementation – The Bahamas Makes Progress

IMPORTANT NOTICE: CRS Implementation – The Bahamas Makes Progress

The following statement was released by Ms. Tanya McCartney, the CEO of the Bahamas Financial Services Board (BFSB), an AIBT partner organization. As it relates to matters of relevance and importance to our Members, we are reposting here and distributing via member email. December 22, 2016 Dear Members, CRS Implementation – The Bahamas Makes Progress We […]

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THE GOVERNMENT OF THE BAHAMAS’ STATEMENT ON STANDARD &POOR’S RATING DECISION

The international credit rating agency S&P, today, downgraded The Bahamas’ credit rating, from BBB- to BB+, although upgrading the outlook from negative to stable.  Other countries rated BB+ include Indonesia, Portugal, Russia and Bulgaria. In its statement, S&P noted that this rating decision stems from lower than expected GDP growth, fiscal consolidation results that are […]

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Financial Services Internships & Spanish Immersions Cap off a Successful Year of Professional Development by the AIBT

Financial Services Internships & Spanish Immersions Cap off a Successful Year of Professional Development by the AIBT

This summer, seven College of The Bahamas (COB) students were afforded the opportunity to gain industry experience and professionals skills through paid internships with Member firms of the Association of International Banks and Trust Companies (AIBT) in Nassau, and a Spanish immersion programme in Mexico. The annual 4-6 week internships are part of AIBT’s mandate […]

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