Central Bank of Bahamas to oversee establishment of credit bureau
Credit bureau in sight as Bahamas central bank gains oversight of new regulatory reporting system
The Central Bank of the Bahamas has gained supervisory and regulatory powers with regard to credit reporting following the enactment of a new bill.
“The purpose of the bill is to introduce for the first time a legal system of credit reporting within the financial system in the Bahamas, to enable credit information sharing and reporting and thereby facilitate objective credit decisions by financial institutions and other credit providers,” the legislation states.
The bill forms the basis for
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