Brokerage in difficulty - Clarity is needed

The credibility of the financial services sector is in the spotlight again after the Central Bank ordered stockbroker Bloxham to cease all regulated activities following the discovery of what were described as “financial irregularities” at the securities firm.

Investigations have begun and hopefully they will be quick, thorough, and fair. Investors face considerable uncertainty and adding to those worries can only have a negative impact on job creation and generating growth in the economy.

Our present circumstances are, partially, a result of inadequate supervision, and the Central Bank must show that those days are gone forever.