The Cabinet held discussions with the Financial Services Regulatory Commission (FSRC) on Wednesday to address challenges in the offshore financial sector, particularly operational difficulties faced by some offshore banks. While the Cabinet cannot direct the FSRC’s actions due to legal provisions, it pledged support for measures to stabilize the sector and ensure the banks’ viability. FSRC staff reassured their commitment to protecting depositors and maintaining system integrity. The FSRC also agreed to provide regular updates on the sector’s status. Paul Ashe serves as the FSRC’s Chief Regulatory Officer.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]
