The Global Financial Centres Index (GFCI) provides profiles, ratings and rankings for 75 financial centres, drawing on two separate sources of data–instrumental factors (external indices) and responses to an online survey.

The GFCI was first produced by Z/Yen Group in March 2007 and has subsequently been updated every six months. This is the 9th edition of GFCI (GFCI 9).

The report found that there remains no significant difference in ratings of London (775), New York (769) and Hong Kong (759), with respondents generally believing that these major centres continue to work well together for mutual benefit.

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View or download Scorpio Partnerships’ 2011 Futurewealth Report: Essence of Success report.

Scorpio Partnership in conjunction with Standard Chartered Private Bank and SEI (NASDAQ: SEIC) has released its “2011 Futurewealth Report: The Essence of Success.”

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“It is important to establish a strong culture of compliance at the top of a financial institute, but at the end of the day, it is everybody’s responsibility,” according to the governor of The Central Bank of The Bahamas, Wendy Craigg.

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In an effort to provide the public with more frequent information on its economic surveillance activities, the Central Bank of The Bahamas has decided to release monthly reports on economic and financial sector developments in The Bahamas.

The Bank monitors these conditions as part of its monetary policy mandate, to assess whether money and credit trends are sustainable relative to levels of external reserves required to protect the value of the Bahamian dollar and, if not, the degree to which credit policies ought to be adjusted. The main data source for this surveillance is financial institutions’ daily reports on foreign exchange transactions and weekly balance sheet statements.

Therefore, monthly approximations may not coincide with calendar estimates reported in the Central Bank’s quarterly reports.

The Central Bank will release its Monthly Economic and Financial Developments report on the Monday following its monthly Monetary Policy Committee Meeting.

Future Release Dates:
2011: April 4, May 2, May 30, July 4, August 8, August 29, October 3, October 31, November 28, December 19.

To get the full January 2011 report download/view the PDF here.

The International Society of Family Law Caribbean Regional Conference will take place this week at the British Colonial Hilton Hotel in Nassau.

Running March 17-19, the event will play host to more than 40 distinguished panelists including jurists, legal scholars, psychologists, social workers and educators from the Caribbean, Canada, the United Kingdom, the United States, Germany, Sweden and Serbia. Among them are the Rt. Honourable Lord Justice Matthew Thorpe from the Court of Appeal of England and Wales, and the Honourable Madame Justice Nancy Flatters from the Calgary Family and Youth Court in Alberta, Canada.

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The world’s leading figures in educating and training professional financial services providers are set to meet in The Bahamas next week to discuss the way forward in creating a more progressive industry.

The 19th World Conference of Banking and Finance Institutes (WCBFI) will welcome delegates from key trading partners, such as the United States, Canada and the United Kingdom, along with representatives from emerging and developed markets such as India, Brazil and Hong Kong.

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To ensure sustainable economic growth in the future, Grand Bahama must move away from courting cruise ships in favour of attracting business travellers, according to chief executive officer of Butler’s Food World, Jeffrey Butler.

Butler, who owns the Butler Group of Companies, says hosting trade shows and international business events could help offset any drop-off in tourism revenue.

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Prime Minister Hubert Ingraham is set to lead an investment and trade mission to Canada at the end of the month.

The two-day mission will visit Calgary on March 28 and Toronto on March 30. The Prime Minister is expected to make luncheon presentations on both days.

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It is a complex overseas project for China State Construction Engineering Company Ltd and the Export-Import Bank of China, but all parties say they are committed to developing the $3.4-billion Baha Mar resort in The Bahamas on time and within budget.

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