The Leader Of Government Business In The Senate Makes A Case For The Banking Act In The Upper House

Leader of Government Business in the Senate, Senator Lennox Weston has offered a strong defense of the Banking Act now before the Upper House.

Weston, who is also the Minister of State in the Ministry of Finance, says when one takes into account the challenges faced by the country’s financial sector…the new bill is an urgent necessity.

He says the bill gives the Eastern Caribbean Central Bank the green light to take decisive action to prevent a bank from failing. He says the bill must be understood against the background of the failure of the ABI Bank.