The regulatory environment in Barbados will change dramatically when the Financial Services Commission (FSC) is fully staffed, says its new chairman Professor Frank Alleyne.
The economist and former dean of the Faculty of Social Sciences at the Cave Hill Campus of the University of the West Indies said yesterday that it would not be business as usual when the upra-regulatory body that supervises the financial sector in Barbados is fully operational.
Alleyne, who took over from Sir Neville Nicholls as chairman of the FSC, said the regulatory body would be taking its role very seriously, insisting that under his chairmanship, the FSC would ensure that the interest of the public was protected.
The FSC regulates insurance companies, credit unions, mutual funds, and securities.
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