Caribbean Regulators Meet On Securities Regulation
by Mike Godfrey, Lowtax.net, Washington
11 May, 2016
The Securities Commission of the Bahamas has hosted the 12th Annual Caribbean Group of Securities Regulators Conference and Workshop, attended by securities regulators from across the Caribbean.
Representatives heard presentations on the role securities regulators play in maintaining market confidence and financial stability, the risks and opportunities presented by technological developments, and the shared challenges and experiences of Caribbean securities supervisors.
Christina Rolle, Executive Director of the Commission, said the conference's discussion and training elements were designed to focus on how securities regulators could improve oversight to allow the capital markets to play a more prominent role in funding economic growth.
"The question is not whether Caribbean securities regulators understand the huge role we play in capital market development", rather " the question is how we achieve the requisite technical capacity and arrive at pragmatic solutions to effect world-class regulation which allows our capital markets to better fulfill their vital roles in funding the real economy and supporting desired national development."
The Minister of Financial Services, Hope Strachan, delivered the keynote address at the conference's opening ceremony. She underscored the importance of collaborating with other regulators to ensure the Caribbean's regional financial services industry is aligned with global standards.
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