Governor points to over-regulation

The head of one of the island’s leading regulatory bodies thinks Barbados is a victim of over-regulation.
Central Bank Governor Dr DeLisle Worrell said he was in agreement with this aspect of a new global survey of chief executive officers conducted by PricewaterhouseCoopers.
The results were detailed by Oliver Jordan, PwC engagement leader, Advisory Services, at the Grande Salle, Tom Adams Financial Centre, yesterday.
Worrell, who was one of 45 “senior decision makers in international governmental organisations” also interviewed for the survey, said the results showed “the relationship between government and the private sector and the ways in which they interact are in a process of evolution.
“And I have to say [I agree with] the conclusion of the private participants in the survey that we are in a state of over-regulation,” he added. (SC)