The Working Group is preparing recommendations to improve the sovereign debt resolution architecture and to prevent future crises.
The Working Group drives the Committee’s efforts to educate U.S. policymakers on the importance of the international financial institutions and continued U.S. support.
"I believe the time is ripe for a re-evaluation of borrowing strategies by Caribbean governments," writes DeLisle Worrell, BWC member and former governor of the Central Bank of Barbados, in Good and Bad Debt, this month's issue of his newsletter.
BWC welcomes new organizational member United Overseas Bank, the third largest bank in Southeast Asia. UOB provides commercial, corporate, and personal banking services; private banking and asset management services; and corporate finance, venture capital, investment, and insurance services.
"To maintain their credibility, and to derive the greatest benefit from blockchain technology, regulators should intervene and crack down on scams, protect investors, and ensure market integrity," Bloomberg Opinion columnist and BWC Board of Directors Chair William C. Dudley commented.