Amended Financial Institution Bill passed

-“The Bill is good for Guyana” – Min. Jordan

-consultations were held with banking stakeholders

DPI, GUYANA, Thursday, July 12, 2018

The passage of the Financial Institutions (Amended) Bill of 2018 brings the country’s financial institutions in line with modern practices and increases confidence in the banking systems, Minister of Finance Winston Jordan said.

The bill was passed today during a late night sitting of the National Assembly. Minister Jordan noted the Bill addresses the need for financial institutions to better deal with the risks that will arise as Guyana integrates into the world system.

More importantly, the passage of the Bill will restore confidence in the banking system. “The Bill is good for Guyana,” Minister Jordan said. He dismissed claims made by the opposition that there was no consultation as propaganda and noted there was consultation with banking stakeholders.

By: Tiffny Rhodius.

Images: Keno George.