Agenda
The agendas for both days’ events are shown below. Click the respective tab for full details. Final agenda and lineup are subect to change.
The Nassau Conference - September 15, 2021
Financial Services Bootcamp - September 14, 2021
The Nassau Conference - September 15, 2021
| 8:45 am | Welcome | Bruno Roberts AIBT Chairman |
| 9:00 am | Opening Remarks | |
| 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? Speaker: Cesar Perez Ruiz Head of Investments and Chief Investment Officer Pictet Wealth Management |
| 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? Speaker: 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. Speaker: Marlon Johnson Acting Financial Secretary Bahamas Ministry of Finance |
| 11:25 am | SESSION 4: Impact of International Initiatives 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? Speaker: Marla Dukharan Caribbean Economist |
| 12:00 pm | SESSION 5: Post Covid: “We Are Still in Business”PANEL DISCUSSION | The COVID19 pandemic has resulted in concern and economic challenges for clients, businesses and communities worldwide. This leads one to consider what business leaders should know with respect to crisis management and response, workforce, operations and supply chain, finance and liquidity, tax and trade, and strategy and brand. Regulated entities must have business continuity plans, but they may not fully address the fast-moving and unknown variables associated with pandemic risks. Moreover, the pandemic has heightened awareness around the need for robust disaster recovery plans. Very rarely do contingency plans consider quarantines, virtual learning and travel restrictions What are some of the factors that ought to be considered in developing robust strategies for business continuity? Panelists: Ian Hepburn, Providence Technology Group Charles Littrell, Central Bank of the Bahamas (Bank Supervision Department) Jacqui Bend, Chair, Clearing Banks Association Samantha Martin, UBS Theo Ganguly, UBS |
| 1:00 pm | Luncheon Speaker | Hon. Elsworth Johnson Minister of Financial Services, Trade & Industry and Immigration Ministry of Financial Services, Trade & Industry and Immigration (PLATINUM SPONSOR OF THE NASSAU CONFERENCE) |
| 2:30 pm | SESSION 6:Where Do We Grow from Here?PANEL DISCUSSION | 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. Panelists: Aliya Allen, GrahamThompson Theomonique Nottage, Ministry of Financial Services, Trade & Industry, and Immigration Brendan Dunn, Holdun Family Office |
| 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? Speaker(s): Hon. Phillipe May, Arton Capital |
| 4:30 pm | Closing Remarks | AIBT Deputy Chairman |
Financial Services Bootcamp - September 14, 2021
| 1:30 pm | Registration | |
| 2:00 pm | Welcome & Opening Remarks | Tanya McCartney CEO & Executive Director, Bahamas Financial Services Board |
| 2:05 pm | SESSION 1FINTECH | The DARE Act Presenter: Christina Rolle, Executive Director The Securities Commission of The Bahamas The Sanddollar Project Presenter: Kimwood Mott, Project Manager The Central Bank of The Bahamas |
| 3:05 pm | SESSION 2International Initiatives Update | Presenter: Stephen Coakley-Wells Director – Legal & Regulatory Bahamas Ministry of Finance |
| 3:35 pm | COFFEE BREAK | |
| 3:55 pm | SESSION 3Personal/Career Development | • Strategies for Career Development and Advancement/Risk Taking for Success • Navigating the workplace – Being Open to Feedback Presenter: Patrice Taylor, Hephzibah HR Training and Development |
| 4:30 pm | Closing Remarks & Vote of Thanks | Kevin A.C. Moree Chairman of BFSB |
Speakers & Panelists
Scheduled to appear. Subject to change.
- Nassau Conference Speaker/Panelist
- Bootcamp Speaker/Panelist
Aliya Allen
GrahamThompson
Jacqui Bend
Clearing Banks Association
Stephen Coakley-Wells
Ministry of Finance
Marla Dukharan
Caribbean Economist
Holdun
Ian Hepburn
Providence Technology
Hon. Elsworth Johnson
Ministry of Financial Services, Trade & Industry and Immigration
Ministry of Finance
Charles Littrell
Central Bank
Hon. Phillipe May
Arton Capital
Kimwood Mott
Central Bank
Theomonique Nottage
Higgs & Johnson
John A. Rolle
Central Bank
Christina Rolle
Securities Commission
Cesar Perez Ruiz
Pictet Wealth Management
Patrice Taylor
Hephzibah HR
Lead Sponsor
PRESENTED BY
Corporate Sponsors
COVID19 Protocols
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.