Discussion Paper on Proposed Prudential Framework under the Nevis International Banking Ordinance, 2014

In 2014, the Nevis International Banking Ordinance came into being empowering the Minister of Finance, Nevis Island Administration to licence international banks in Nevis. Currently one such bank, part of a larger banking group in Nevis, is authorised. The Nevis Financial Services (Regulation and Supervision) Department (FSRC – Nevis Branch) is responsible for the supervision of international banks.