NASSAU, Bahamas — The government has asked The Central Bank of The Bahamas (CBOB) to find solutions as soon as possible to have more Bahamians participate in the financial sector, especially when it comes to solutions based on new technology, the Nassau Guardian reported September 18.
Deputy Prime Minister Peter Turnquest, who was speaking at yesterday’s Bahamas AML/CFT Risk Management Conference at Baha Mar, explained that the government has asked CBOB to produce a detailed report by June 30, 2019 on the current state of financial inclusion in The Bahamas; to identify areas where financial inclusion can be improved; and to recommend steps that can be taken by the government and the private sector to improve financial inclusion.
“There are other areas in which regulators are demonstrating great leadership and success,” said Turnquest. https://thenassauguardian.com/2018/09/18/dpm-outlines-central-banks-role-in-increasing-local-financial-sector-participation/
