NASSAU, BAHAMAS — The Securities Commission has been collaborating with BISX to develop a paper on expanding the capital market in The Bahamas, with a key recommendation likely to be mandatory pensions, which could provide an avenue for greater participation.
At the inaugural Invest Fest conference at Baha Mar, Christina Rolle, the Commission’s Executive Director stated, “We’ve been working with BISX to develop a paper on how capital markets can grow. We anticipate that one of the key recommendations will be for mandatory pensions. We believe this is critical for the future of The Bahamas, for development, and for funding capital in the country.”
She added: “We also think it will be one of the key drivers in helping to grease the wheels, so to speak, and enable greater maturity and sophistication in our markets. If Bahamians are to become engaged, they need an avenue to participate, and mandatory pensions can certainly serve as that avenue.”
Rolle also noted a decrease in investment funds by seven percent, alongside growth in the digital asset space. “There is clearly a shift occurring within the industry. The capital markets in The Bahamas are critical for the growth and development of the Bahamian economy. Entrepreneurs need crucial funding to advance their ideas, businesses, and growth,” said Rolle.
