Barbados To Chair CFATF

Joy-Ann Gill Top Stories

Government is set to take up the chairmanship of the Caribbean Financial Action Task Force (CFATF) from next month. Minister of Small Business, Entrepreneurship and Commerce, Dwight Sutherland, disclosed this last Saturday night while addressing the 60th Anniversary Dinner and Awards Gala of the Barbados Cooperative & Credit Union League Ltd, at Hilton Barbados, Needham’s Point. Acknowledging that CFATF’s conference …

Credit Unions Urged To Maintain Standards

Joy-Ann Gill Top Stories

With the Financial Services Commission (FSC) currently conducting a comprehensive review of all FSC enabling legislation, to ensure a risk-based supervisory framework for the non-bank financial sector, credit unions are being urged to maintain established standards. This appeal came last Saturday night as Small Business Minister, Dwight Sutherland, addressed the Barbados Cooperative & Credit Union League Ltd.’s 60th Anniversary Dinner …

Sutherland All For Credit Union Bank

Joy-Ann Gill Top Stories

Minister of Small Business, Dwight Sutherland, will throw his support behind the establishment of a Credit Union Bank if it can offer a lower interest rate than the commercial banks, and push business on the island. He made this clear on Wednesday, as he addressed media representatives, following talks with members of the St. George Farmers’ Market Cooperatives Society Limited, …

Credit Unions Must Be Repositioned

Sharon Austin Top Stories

This island’s Minister of Finance, Christopher Sinckler, believes that as the credit union movement grows, it must be repositioned to undertake even higher levels of activity in the economy. Mr. Sinckler expressed this view over the weekend while delivering the feature address at the 50th Anniversary Dinner and Awards Ceremony of the BET Co-operative Credit Union Limited, at Hilton Barbados …