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Related Party Transactions

Published: Wednesday October 17th, 2012

The Central Bank of The Bahamas (‘the Bank’) has released the following Notice regarding Related Party Transactions, which underscores and clarifies the Bank’s position on the approval process and control function that licensees should have in place.  This directive takes immediate effect and it also supports the broad expectation of the Large Exposure Guidelines, the Banks and Trust Companies (Large Exposures) Regulations (as amended) and the Corporate Governance Guidelines.