BRIDGETOWN, Barbados, Advocate – A MEMORANDUM of Understanding (MOU) has been officially signed between the Financial Services Commission (FSC) and the Central Bank of Barbados ensuring greater stability in Barbados’ financial system. Principals of the two entities met at the Tom Adams Financial Centre yesterday afternoon to cement an already existing relationship as regulators of the securities, insurance, credit union and banking sector within Barbados. Chairman of the FSC, Sir Frank Alleyne, stated yesterday that the purpose of this collaborative effort was to ensure that all residents of Barbados and international partners are assured that their legitimate interests will be protected.
