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FSRC Financial Services Regulatory Commission
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Tag: FSRC Financial Services Regulatory Commission Ordering

AOB Still in Receivers’ Hands – Dr. Ashe

AOB Still in Receivers’ Hands – Dr. Ashe

Antigua St. John’s - Two months after the Financial Services Regulatory Commission (FSRC) announced publicly that it had moved to liquidate the Antigua Offshore Bank (AOB), nothing has changed despite a 90-day timeline issued in April.

Amendment to Banking Act Strengthens ECCB Regulatory Powers

Amendment to Banking Act Strengthens ECCB Regulatory Powers

Antigua St. John's - Minister of Education, Sports, Youth & Gender Affairs Dr. Jaqui Quinn-Leandro on Friday led the passage of the Banking Amendment Act 2012 through the lower house.

FSRC Confirms AOB in Receivership

FSRC Confirms AOB in Receivership

Antigua St John's - The Financial Services Regulatory Commission has confirmed that Antigua Overseas Bank (AOB) is in receivership. FSRC Supervisor of Banking Paul Ashe acknowledged this on Thursday.

FSRC Official Receives International Award

FSRC Official Receives International Award

Antigua St. John’s -  The Financial Services Regulatory Commission (FSRC) is pleased to announce that Director of Gaming Ms. Kaye McDonald was selected as Gaming Regulator of the Year: Evolving Jurisdiction by the International Masters of Gaming Law (IMGL).

FSRC Targets 2013 Rebranding

FSRC Targets 2013 Rebranding

Antigua St. John's - The agency responsible for regulating the offshore financial and insurance sectors has moved a step closer to improving its image as part of a  rebranding initiative targeted for early next year.

Antigua Calls Developed Countries to Stop Restricting the Growth of Caribbean Economies

Antigua Calls Developed Countries to Stop Restricting the Growth of Caribbean Economies

Antigua St John's - Ambassador Anthony Liverpool delivered a presentation on behalf of Prime Minister Baldwin Spencer at the Global Services Forum in Doha, Qatar.

A Failure Across The Board

Antigua St John's - As he surveys an economy in what he terms “very serious trouble,” financial services professional Ronald Maginley is criticizing both major political parties for what he regards as a “failure of political leadership across the board”.

Governments Advised to Learn from Stanford Debacle

Governments Advised to Learn from Stanford Debacle

Antigua St. John's - The chief legal advisor to government has urged administrations in the region to learn from the Allen Stanford debacle that has had far-reaching effects on Antigua & Barbuda.

Spencer Confident of Recovery, Years Later

Spencer Confident of Recovery, Years Later

Antigua St. John's - Negative publicity from the 2009 Allen Stanford debacle continues to affect the profile of Antigua & Barbuda, Prime Minister Baldwin Spencer has indicated.

Weston Opposed to Economic Programme

Weston Opposed to Economic Programme

Antigua St John's - Opposition MP Lennox Weston has come out against Prime Minister Baldwin Spencer's reported decision to forge forward on the road of implementing an economic citizenship programme, on the back of a dying financial service industry.

Leroy King Still Not Extradited

Leroy King Still Not Extradited

Antigua St. John's - Leroy King, the former Financial Services Regulatory Commission (FSRC) Administrative Head battling an extradition request to the United States for his role in the Stanford Ponzi Scheme saga, remains in Antigua while his lawyer continues to keep his matter alive in the local courts.

FSRC Post-Stanford Report Not For Public Consumption

FSRC Post-Stanford Report Not For Public Consumption

Antigua St. John's - The inquiry ordered into the Financial Service Regulatory Commission (FSRC) after convicted Ponzi Schemer R. Allen Stanford was exposed has long been completed, revealed Executive Director of the FSRC John Benjamin‬.

Ronald Maginley Willing to Assist in Gaming Fight

Ronald Maginley Willing to Assist in Gaming Fight

Antigua St. John’s - Financial Services Professional Ronald Maginley has responded in the affirmative to a proposal tabled by deputy Leader of the Opposition Gaston Browne that he be approached to assist the government of Antigua & Barbuda in gaining some ground in getting the United States to follow the World Trade Organisation (WTO) ruling on the longstanding online gaming dispute.

Industrial Action at FSRC

Industrial Action at FSRC

Antigua St. John’s - Employees of the Financial Services Regulatory Commission (FSRC) have staged industrial action in response to what Antigua Trades & Labour Union (AT&LU) Industrial Relations Officer Ralph Potter terms as the “slow pace of negotiations” regarding a renewed contract.

Anti-Money Laundering Conference Opens

Anti-Money Laundering Conference Opens

Antigua St. John's - The chairman of the Financial Services Regulatory Commission (FSRC) said the Caribbean alone cannot be held accountable for "questionable funds" that enter the region's financial system.

Stanford Guilty but Victims in Limbo

Antigua St John's - The Coalición Víctimas de Stanford América Latina (“COViSAL) has acknowledged the recent news about R Allen Stanford’s guilty verdict as partial justice.

US Senator Blasts SIPC

A US senator has criticized the Securities Investor Protection Corp (SIPC) for not covering victims of R Allen Stanford's $7 billion Ponzi scheme.

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