The Minister of Labour Dion Foulkes (pictured) met with chairman of the Clearing Banks Association Ian Jennings and representatives of the six Clearing Banks in The Bahamas namely RBC Finco, Scotiabank, Fidelity Bank, Commonwealth Bank, Bank of The Bahamas and CIBC First Caribbean Bank 19 October, 2017 at the Ministry of Labour.

Also in attendance were The Bahamas Chamber of Commerce and Employers Confederation, the Trade Union Congress and the National Congress of Trade Unions, the Prices Commission, the Consumer Protection Commission and The Bahamas Bureau of Standards and Quality Services.

Minister Foulkes also met with the Governor of The Central Bank of The Bahamas John Rolle in a separate meeting.

Minister Foulkes and the banks had frank and open discussions on the recent increases in banking services. He said that he understood the challenges of the banks and also appreciate the concerns of consumers.

Going forward the group all agreed to establish a working committee to discuss such issues.