Belize governor worried about threat posed by ‘de-risking’
Regulators not fully taking note of uncertainty around regulation implementation
The governor of the Central Bank of Belize has spoken out about the impact "de-risking" in the region will have on small open economies, stressing regulators underemphasise the effects of uncertainty around the application of money laundering and terrorist financing controls.
In the bank's annual report, published on May 31, Glenford Ysaguirre noted both growth and economic stability were "threatened" in the past year by global banks cutting back on services.
Banks across the Caribbean region
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