November 18, 2019

Labour r­elations expert warns of fallout from attempts to block Scotia sale

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By Antigua Observer A long serving CEO of the Antigua and Barbuda Employers Federation said there would be serious consequences if the Government of Antigua and Barbuda continues to block the sale of the local assets and operations of Scotiabank to Republic Financial Holdings (RFH) of Trinidad and Tobago. Labour Relations Consultant Henderson Bass was […]

Introduction of Caribbean florin depends on an eventual decision of the countries

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By Micah George From Extra CW WILLEMSTAD.- One goal in the strategic plan of the Central Bank of Curaçao and Sint Maarten is to begin preparations for the introduction of the new currency in this case the Caribbean florin for both countries. The countries agreed during the restructuring of 2010 when both Curaçao and Sint […]

Wake up call!

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By Marie-Claire Williams From Barbados Today Ex-Governor urges region to go solar A leading regional economist says the Caribbean has been too slow in taking advantage of the renewable energy sector. Delivering the inaugural Confucius lecture at the Errol Barrow Centre for Creative Imagination on Wednesday night, former Governor of the Central Bank of Barbados […]

Barbados downgraded again

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BY GEORGE ALLEYNE From Caribbean Life The financial news continues to be bad for Barbados as the island a few days ago suffered another international credit ratings downgrade, this time from the regional based agency, Caribbean Information and Credit Rating Services Limited (CariCRIS). The Caribbean financial rating agency stated it, “has lowered the assigned regional […]

Cayman Islands: Five Continents adds experienced alternatives executive

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Cayman based corporate governance firm, Five Continents Partners, has added a highly-experienced hedge fund Chief Operating Officer (COO) to its growing team. Richard Muckle has joined Five Continents Partners this month as a director. Although new to Five Continents, he has a long association with the Cayman Islands having conducted business in the jurisdiction for […]

Bitt reveals big plans for cross-Caribbean blockchain settlement network

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By Pete Rizzo From CoinDesk For Barbados-based blockchain startup Bitt, creating a Caribbean-wide settlement network is a challenge that will be fraught with legal, technical and social challenges. However, thanks to a new partnership with Netki, one hurdle may have just gotten easier. Announced today at Consensus 2017, Bitt revealed it will use identity tools […]

A bridge to nowhere

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By Tyrone Hodge From Caribbean News Now The righteous cares about justice for the poor, but the wicked have no such concern.” ~ Proverbs 29:7 When one sees his country being put on the auction block, one has to step back and ask the question: What’s going on here, how did we get to this […]

Bank Cainvest acquires business from Dartley Bank and Trust

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GEORGE TOWN, Cayman Islands, Jan. 6, 2017 /PRNewswire/ — Cainvest Bank and Trust Ltd (“Bank Cainvest”) today announced it has acquired Dartley Securities Business from Dartley Bank and Trust Ltd. (“Dartley”). As part of the acquisition process, Dartley Securities Limited, a Securities Company regulated by the Securities Commission of The Bahamas, is now 100% controlled by Bank […]

Regional countries urged to strengthen AML/CFT to deal with correspondent banking

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From Antigua Observer PORT OF SPAIN, Trinidad, Nov 4, CMC – Caribbean countries have been urged to strengthen their Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) legislation as well as their administrative procedures as the region seeks to combat with the issue of correspondent banking and de-risking. Antigua and Barbuda Prime Minister Gaston Browne, who […]

De-risking blamed on overzealous regulations

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By Ken Richards From winnfm St Kitts and Nevis (WINN): Overzealous regulations are what’s fueling the loss of correspondent banking relations in the Caribbean and elsewhere, according to Foreign Affairs Minister Mark Brantley. The matter received some traction when Central Bank governors from the Commonwealth discussed the problems de-risking poses for their countries. At their […]