Banking
The Centre plans to support a wide range of banking services. The Regulatory Authority will grant licenses for other regulated financial services business including investment, commercial and private banking as well as asset management. The Information technology (IT) platform has been designed to underpin all banking transactions to increase the speed and cost efficiency for institutions and their clients.
Read more about this topic: Independent Financial Centre Of The Americas
Famous quotes containing the word banking:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)