The Nassau Conference
The leading professional development conference for the international financial services sector in The Bahamas.
Wednesday – 14th September, 2022
Baha Mar Convention Centre | Nassau, Bahamas
$400 + 10% VAT
Financial Services Bootcamp
A half-day interactive and practical workshop providing a fundamental overview of the products and services offered in our market.
Tuesday – 13th September, 2022
Baha Mar Convention Centre | Nassau, Bahamas
$150 + 10% VAT
The agendas for both days’ events are shown below. Click the respective tab for full details. Final agenda and lineup are subect to change.
|8:45 am||Welcome||Bruno Roberts
|9:00 am||Opening Remarks||Hon. Phillip Davis
Commonwealth of The Bahamas
|9:25 am||SESSION 1: |
The Financial and Macro-Economic Outlook for the Next 12 Months
|The COVID19 pandemic has emphasized the need to action to be taken to mitigate its human and economic impact and create a foundation for a sustained recovery. For developing countries such as ours, the strengthening of public health systems and implementation of structural reforms that will support strong and sustainable growth once the health crisis declines are key priorities. What is the global outlook as we face the future?
Head of Investments, Pictet Bank & Trust Limited
|10:00 am||SESSION 2: |
The State of the Bahamian Economy
|Indications are that the domestic economy contracted during the fourth quarter of 2020, adversely impacted by the spread of the Novel Coronavirus (COVID-19). Tourism output reduced significantly, as internationally imposed travel restrictions dampened the high value-added air segment and the dominant sea component remained on pause. However, several varied-scale foreign investment projects, and to a lesser extent post-hurricane reconstruction works, provided positive impulses to the construction sector. In price developments, domestic inflationary pressures remained contained, despite a firming in the rate during the review quarter. Where are we now and what is the outlook for the next 12 months?
John A. Rolle
Governor, Central Bank of The Bahamas
|10:35 am||COFFEE BREAK|
|10:45 am||SESSION 3: |
The G7 Global Tax Battle: The Devil is in The Details
|News that finance leaders of G7 countries had agreed last Saturday to back a new global tax rate was hailed in many quarters as “historic” and “unprecedented.” U.S. Treasury Secretary Janet Yellen said the “global minimum tax would end the race to the bottom in corporate taxation, and ensure fairness for the middle class and working people in the U.S. and around the world.” Media coverage of the agreement, while noting serious obstacles to implementation, has been cautiously optimistic about the plan. One of the major aspects of the new plan is that multinational giants will be required to complete an amalgamated 15 per cent tax rate in the country where the parent company is headquartered, including for countries where lower rates are paid. Many of the international financial centres around the world with low tax regimes are reacting with caution to the historic G7 tax deal.
• Policy position and impact
• International perspective
• Local approach
Simon Wilson, Financial Secretary
Bahamas Ministry of Finance
|11:25 am||SESSION 4: |
Impact of International Initiatives on Economic Development on The Bahamas & Caribbean
|CARICOM Member States, in particular, The Bahamas and the OECS, have become are very dependent on the international financial services sector as an engine of economic growth. In the case of The Bahamas, that country has long been recognized as an international financial centre, which relied heavily on registration fees and customs revenue for its income since it did not impose corporate or income taxes. The various international initiatives threaten this economic foundation. What are the current initiatives that we should be paying attention to? What is on the horizon? Can we survive the onslaught?
• Economic Governance
• International & Financial Services
• Mitigation of impact accelerated Digitalization
|12:00 pm||SESSION 5: |
Living with Covid: “We Are Still in Business”
|The COVID19 pandemic has accelerated digitalization transformation globally in order to ensure that continued development of The Bahamian economy and Financial Services Sectors in particular it is imperative that a robust national digital transformation strategy is implemented. This session will focus on:
1. Government National Digitalization Strategy
2. Efforts to enhance Regulatory Reporting
3. Digitalization in key public sector avenues:
• Registrar General’s Department
• Department of Immigration
Sen. Hon. Michael Halkitis
Minister of Economic Affairs
|2:30 pm||SESSION 6:|
Where Do We Grow from Here?
|Prior to the global pandemic stakeholders were assessing how the financial services sector might be repositioned for continued growth and sustainable due to the impact of various international initiatives. This is even more important today. While initial indications are that The Covid pandemic’s impacts on internationally active SFIs have so far proven manageable there are many emerging risks that need to be monitored and manages. Moreover, there has to be a strategic plan to grow the sector. What are the potential areas of growth that we ought to be considering? How to we realise these opportunities.
Aliya Allen, GrahamThompson
Ryan Salame, FTX Digital Markets
Antoine Bastian, Genesis Fund Services
Phyllis Woods-Hanna, Ministry of Tourism and Aviation
|3:30 pm||SESSION 7: |
The Future of Citizenship and Residency by Investment Programs
|Residence and citizenship by investment (CBI/RBI) programs enable persons to obtain citizenship or economic permanent residence rights through local investments or against a flat fee for perfectly legitimate reason. The OECD argues that such programs are also used to avoid transparency rules. What are the reasons that persons obtain CBI/RBI? What are the features of such programs? Can we enhance the current economic permanent residency program that we have here in The Bahamas?
Hon. Philippe May, Principal Global Advisors
Sen. Hon. L. Ryan Pinder, Attorney General, Commonwealth of The Bahamas
|4:30 pm||Closing Remarks||AIBT Deputy Chairman|
Attendees of both The Nassau Conference and Financial Services Bootcamp will be required to adhere to the COVID19 protocols and policiesas established by Baha Mar Resort, the venue for the events.
- Fully Vaccinated Attendees (completed two week immunization after 2nd dose) upon arrival at the hotel will have to show a record of the completed vaccination to gain entry into the hotel and conference facility.
- Non-Vaccinated Attendees will have to present a negative rapid antigen test no more than 5 days old upon arrival at the hotel. Baha Mar only accepts testing results from the following facilities:
- Doctors Hospital
- Family Medical Center
- Lyford Cay Hospital
- Upon entering the resort campus, in addition to presenting the proper documentation, persons are required to take a temperature check at the entrance.
- All persons while at the property MUST wear a mask and maintain social distancing of 6 feet apart.
- Hand Sanitizers are placed throughout the hotel and convention center and attendees are encouraged to sanitize regularly.