Financial services partner, Christel Sands-Feaste and Associate, Jonathan Deal contributed to the Banking & Finance Guide (2022) with Chambers Global Practice Guides. Their article focused on the trends and developments of the Banking & Finance sector in The Bahamas.
They provided expert insights on the themes that have recently dominated the Bahamian legal and regulatory framework relating to financial services including:- an increased focus by the Government on improving revenues; the relaxation of measures adopted by the Central Bank during the height of the COVID-19 pandemic to preserve the country’s foreign currency reserves; modernising the Bahamian credit and payment systems; enhancing the robustness of The Bahamas’ AML/CFT regime; and an increased focus by the government on the regulation and growth of the digital assets space.
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