{"id":31415,"date":"2013-02-11T07:59:25","date_gmt":"2013-02-11T12:59:25","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=31415"},"modified":"2013-02-11T09:59:50","modified_gmt":"2013-02-11T14:59:50","slug":"pinder-bahamas-financial-services-nothing-short-of-amazing","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2013\/02\/pinder-bahamas-financial-services-nothing-short-of-amazing","title":{"rendered":"Pinder: Bahamas Financial Services \u2018Amazing\u2019"},"content":{"rendered":"

\"\"<\/a>Minister of Financial Services Ryan Pinder said that the history of The Bahamas\u2019 financial services centre is nothing short of amazing and this year, it celebrates nearly 80 years in the business of financial services.<\/p>\n

\u201cOur Government is proud of the fact that The Bahamas is a mature and responsible centre,\u201d Minister Pinder said on February 7, 2013, during the Global Financial Summit, held at the Atlantis Resort, Paradise Island.\u00a0 \u201cThe fact that we are still thriving in the midst of all of these changes speaks to the many advantages of The Bahamas as a centre for international business and financial services.\u201d<\/p>\n

Minister Pinder said, firstly, The Bahamas\u2019 sovereignty \u201cmakes us nimble\u201d.<\/p>\n

\u201cWe can adjust our legislation and policies to take advantage of the changing circumstances,\u201d he said.\u00a0 \u201cOur government seeks advice from \u2018policy entrepreneurs\u2019 to inform us of new opportunities or new ways of doing things.<\/p>\n

\u201cSovereignty means that the centre of decision-making rests internally \u2013 with the Cabinet of The Bahamas and ultimately with the Prime Minister.\u00a0 Our competitors do not have this advantage.\u201d<\/p>\n

Minister Pinder said The Bahamas is also endowed with a prime and accessible location.\u00a0 However, location alone is not everything, he added.<\/p>\n

\u201cOur government is committed to leveraging our location by investing in infrastructure to ensure that international and Bahamian investors alike have the necessary facilities to conduct business smoothly and efficiently,\u201d Minister Pinder said.<\/p>\n

Finally, Minister Pinder said, The Bahamas Government is proud of the depth and breadth of Bahamian and international talent in its centre and the sound and innovative regulatory environment which we have created over the years through well-thought out legislation.<\/p>\n

The current government appreciates the crucial role financial services plays in the country\u2019s national development, Minister Pinder said.<\/p>\n

\u201cThe financial services sector contributes roughly 20 percent to GDP (Gross Domestic Product)\u00a0 \u2013 a conservative estimate \u2013 and employs some 7,000 Bahamians,\u201d Minister Pinder said.<\/p>\n

\u201cAs the second largest industry in The Bahamas, Financial Services must always be a robust industry, growing from strength to strength to support the overall standard of living to which Bahamians have become accustomed.\u201d<\/p>\n

It cannot be stated strongly enough, he added, the importance of the financial services sector in the creation of the Bahamian middle class cannot be denied.<\/p>\n

\u201cFinancial Services is an industry here in The Bahamas that provides not only jobs for our citizens, but truly provides career development opportunities for our citizens and, ultimately, the opportunity to be entrepreneurs in the industry, leveraging the development of their individual human capital,\u201d Minister Pinder said.<\/p>\n

\u201cOur government aims to ensure that policies exist to strengthen and expand the middle class of The Bahamas by extending opportunities for higher education and ownership to all citizens.<\/p>\n

By Eric Rose<\/span><\/em>
\nBahamas Information Services<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Minister of Financial Services Ryan Pinder said that the history of The Bahamas\u2019 financial services centre is nothing short of amazing and this year, it celebrates nearly 80 years in the business of financial services.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[401,1093],"class_list":["post-31415","post","type-post","status-publish","format-standard","hentry","category-business","tag-financial-services","tag-ryan-pinder"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/31415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=31415"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/31415\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=31415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=31415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=31415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}