The Securities Commission of The Bahamas facilitated special training for more than 100 employees of financial services regulators and various government agencies with the assistance of the US Securities and Exchange Commission (SEC) last week.

The commission, which is celebrating its 20th anniversary this year, held the Capital Markets Development and Oversight Training Programme August 11-14 at the British Colonial Hilton.

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The Bahamas Branch of the Chartered Institute of Arbitrators (CIArb), under the patronage of Dame Joan Sawyer, has seen a steady increase in its base of qualified and trained professionals who can work in arbitration and alternative dispute resolution both locally and internationally.

Since its formation in 2010, the approved Bahamas branch of the Chartered Institute of Arbitrators in London, England, has a mandate to offer internationally recognized accredited arbitrators and mediators.

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08/18/2015 (Octafinance) – Lombard Odier & Cie Bahamas Ltd just filed its Q2 2015 13F. Dated 18/08/2015, the 13f filing shows the hedge fund has a portfolio value of $285.09 million, representing an increase of $8.36 million from the previous quarter when it was $276.73 million. [Note: This filling represents only assets which are listed in the US.]
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This is an excerpt from Octafinance as it appeared on August 18, 2015. For updates or to read the current version of this post in its entirety, please click here.

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Minister of Tourism sees a growth in festivals as being a key to drawing visitors to the islands.
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The board of directors of The Bahamas Central Securities Depository (BCSD) announced at the end of last month the appointment of Nerika Burrows as its president.

Burrows is a Certified Public Accountant with more than 22 years of experience in public accounting, offshore insurance, bank & trust accounting, as well as operations & telecommunication finance and international business.

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NEW YORK, Aug. 12, 2015 /PRNewswire/ — A growing number of ultra high net worth (UHNW) individuals view homes as ‘opportunity gateways’, driving buying decisions that are based on potential opportunities from owning these luxury residential properties, according to the latest study by Wealth-X and the Sotheby’s International Realty® brand released today.

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National insurance payments related to minimum wage increase and the US Foreign Account Tax Compliance Act Bill top the agenda mid-way through the week in The Bahamas.
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Targeting existing investors to reinvest in the Caribbean and creating linkages in the domestic economy between investors and local suppliers to drive investment growth were issues at the centre of the strategy recommended to the region’s’ Investment Promotion Agencies (IPAs) at the recently held workshop facilitated by the Caribbean Export Development Agency (Caribbean Export) in collaboration with the Caribbean Association of Investment Promotion Agencies (CAIPA) July 27-28 in St. Lucia.

During the workshop, 22 representatives from 11 IPAs across the Caribbean region were exposed to best practices in facilitating existing investors and in key account management. “It takes up to 3 years to secure an investment from a greenfield project”, noted the CAIPA President, McHale Andrew of Invest Saint Lucia, “but it can take as little as 1 year to secure additional investments from an existing investor. With the current challenges of reduced promotional budgets and a demand for increased foreign investment and jobs, it seems logical that we seek to engage further with those investors who have already partnered with us”, continues the CAIPA President.

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During a groundbreaking ceremony held on the grounds of the British Colonial Hotel August 6, Prime Minister Perry Christie said that the new Pointe resort and retail development in Nassau will boost the local economy.

He expressed gratitude to the developer and its principals and said that multi-million dollar project would be a boost to the downtown area.

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The Senate has passed two bills to help protect against fraud and enhance its reputation as an international financial centre.
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