Charlestown, Nevis
October 31, 2007
Premier of Nevis and Minister of Finance the Hon. Joseph Parry, told practitioners in the financial services sector on the island that they should evaluate the industry and endeavor to develop the necessary expertise to do a good job.
The Premier made the statement while he delivered an address on October 30, 2007, at the Red Cross Conference Centre in Charlestown, at a closing ceremony of a two-day Mutual Funds Administration Seminar. It was organised by the Nevis Financial Services Regulation and Supervision Department and financed by the Nevis Island Administration (NIA).
“You have to give advice, serious advice and that advice can lead to a loss of millions of dollars or it can lead to a gain of millions of dollars…For us Nevisians and as a government, it is important that we add value to the product. We cannot be satisfied with just registering companies, LLCs and IBCs but we must be bigger players in the market, whereby we are able to have mutual funds, insurance and whatever we have. We must be experts in dealing with these matters. So it is very important that we train ourselves and that we are ready for the big time.