European Parliament Library

The Bahamas :, Selected Issues

Abstract
This Selected Issues paper assesses the recent trends in The Bahamas’ offshore financial center (OFC) and their contribution to the real economy. The Bahamas hosts one of the largest OFCs in the world. International banks are the most important institutions in the Bahamian OFC. Despite a sharp contraction in the size of the offshore sector, the direct impact on the real economy appears to have been modest. The direct contribution of offshore banks to the real economy appears to have remained broadly stable, reflecting an orderly adjustment so far. Strong compliance with anti–money laundering and combating the financing of terrorism and tax transparency standards should help ensure that this orderly adjustment continues
Table Of Contents
Cover -- CONTENTS -- THE STRUCTURE AND TRENDS IN THE BAHAMAS' OFFSHORE SECTOR -- A. Introduction -- B. Offshore Financial Sector Structure -- C. Global Regulatory Initiatives and the Bahamian OFC -- D. The Bahamas OFC and the Real Economy -- E. Conclusions -- References -- TABLES -- 1. Structure of the Offshore Sector in the Caribbean as of 2015 -- 2. Caribbean OFCs Contribution to Jobs and Revenue
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (13 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484323144

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