A new credit bureau is expected to be operational here within the next two months, and Caribbean Credit Bureau Ltd (CCBL) boss Grady Clarke fears the writing is on the wall for his company.
An upset Clarke told the NATION he notified his staff on Friday some of them were likely to lose their jobs because the business would struggle to survive on what he deemed an uneven playing field.
His comments were made on the same day Central Bank Governor Cleviston Haynes told the Barbados Association of Insurance and Financial Advisers his institution was supporting “the ongoing work towards the establishment of a credit bureau”.
Haynes said the bureau was one of the “supporting mechanisms” being “put in place to buttress financial stability and confidence in the financial system”. (SC)
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