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Govt plans new insolvency framework to bolster financial stability
Summary by Barbados Today
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Govt plans new insolvency framework to bolster financial stability
The government is moving to introduce a new bankruptcy and insolvency framework later this year, in a bid to reinforce Barbados’ financial system and safeguard depositors, Minister of Finance Ryan Straughn told the Senate on Wednesday. The move signals a broader push to modernise financial regulation as credit unions expand rapidly and assume greater systemic importance. As the upper legislature debated the Protection of Depositors Bill, the fi…
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