The financial services industry in The Bahamas, comprising banking and trust business, investment management and insurance, has experienced a downturn in recent times but continues to demonstrate great potential for growth.
With a liberal investment policy and with government encouraging, supporting and promoting an investor-friendly environment, the key political and industry players in The Bahamas are committed to maintaining and advancing The Bahamas’ status as a premier international financial centre.
The Securities Commission of The Bahamas is the regulator responsible for the oversight of the investment management industry. The Bahamas Financial Services Board (BFSB) assists with the marketing and promotion of The Bahamas’ jurisdiction for investment funds.
We offer guidance to our clients on the application of International Financial Reporting Standards (IFRS), Accounting Principles Generally Accepted in the United States of America (“US GAAP”) and on accounting and disclosure for complex derivative products. We have assisted a number of our fund management and administration clients with the development, documentation and implementation of their systems of internal control.
Our skilled professionals allow us to offer different perspectives to our clients and respond quickly to the challenges of globalization emerging from heavily saturated financial markets. We are prudent in adhering to the stringent regulatory and financial reporting rules in order to support the different needs of our various clients.