Contents -- GLOSSARY -- PREFACE -- EXECUTIVE SUMMARY -- I. FINANCIAL SYSTEM OVERVIEW -- II. STRENGTHS AND VULNERABILITIES IN THE FINANCIAL REGULATORY AND SUPERVISORY ARRANGEMENTS -- III. OBSERVANCE OF FINANCIAL STANDARDS AND CODES: SUMMARY ASSESSMENTS -- IV. AUTHORITIES� RESPONSE
Summary
This paper reviews Financial Sector Regulation and Supervision in The Bahamas. The assessment reveals that the overall regulatory structure in The Bahamas is complex, involves an excessive number of agencies, and places a considerable pressure on limited technical and financial resources. Although the respective agencies have worked hard to develop agreements to rationalize the processes as far as possible, there is a need to introduce some specificity into the statutory authority that authorizes the cooperation. It is important that the review of the overall regulatory structure, proposed by the government, be pursued with some urgency
Notes
"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country."