Securities Commission of The Bahamas (SCB) has been reappointed to as the chair of the Caribbean Group of Securities Regulators (CGSR). Securities regulators from over 15 Caribbean jurisdictions selected the SCB to continue as the chair for the 2017-2019 period.

The announcement was made at the 13th CGSR Conference and Workshop, co-hosted by the SCB and the Caribbean Regional Technical Assistance Centre (CARTAC). The Conference and Workshop was held 24-26 April at the British Colonial Hilton in Nassau under the theme “Evolving Priorities for Effective Capital Market Supervision and Enhanced Financial Stability in the Caribbean”.

Minister of State for Finance Michael Halkitis brought the keynote address at the conference’s opening ceremony.

Halkitis emphasized the jurisdiction’s commitment to compliance with international regulatory standards, particularly with respect to fostering a transparent financial services sector.

Specifically, he cited agreements such as the International Organisation of Securities Commission’s Multilateral Memorandum of Understanding as having created a global regulatory environment better equipped to detect and deter cross-border securities crime, supporting investor confidence in capital markets globally.

The Caribbean Group of Securities Regulators was established to create a forum for regional securities regulators to discuss issues facing Caribbean securities and financial markets.

The SCB has served as chair and secretariat of CGSR since 2015.