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PM Browne calls on CARICOM Heads to protect Regional Financial Services

February 28, 2015 @ 9:59 AM
by ablpadmin
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NASSAU, The Bahamas – 28th February 2015……….Prime Minister of Antigua and Barbuda, Hon. Gaston Browne has warned that the Caribbean’s banking sector “is facing a new and potentially devastating threat” because the  Region is being labelled as “a high-risk area for financial services”. The Prime Minister was speaking as the out-going Chair of CARICOM at its Inter-Sessional Conference in the Bahamas. He informed the Conference that “correspondent banks in the United States and major banking centres in Europe are being made to evaluate risks versus rewards for doing business with Caribbean indigenous banks, and offshore banks established our regional financial [...]