ST JOHN’S, Antigua, CMC:
An examination of the emerging framework of governance of international finance and the roles and the current stance of new institutions like the Financial Stability Board and Global Forum will be among matters discussed when the second Caribbean Financial Services Conference begins here in September.
The regional sub-committee planning the September 12-13 second European Union-Caribbean Forum (CARIFORM) sponsored conference is due to meet here on Tuesday to fine tune the agenda.
But informed sources told the Caribbean Media Corporation (CMC) that the conference will also examine a number of successful European small state financial centres such as Dublin, Luxembourg, Guernsey, “looking for lessons learned, opportunities presented and challenges to be avoided.
“The conference will also look at new, non-tax, business models and how these business models can guide the future of Caribbean financial centres, and their current approach to the compliance and standards agenda,” the sources said.
In May, a focus group met in Barbados to determine with key stakeholders the structure and agenda for the proposed conference. Resulting from that meeting, it was agreed that the Antigua conference should address issues such as the emerging international order as well as implications of developments within the Global Forum on transparency and exchange of information on the financial services architecture.