Antigua-Barbuda warns that it will not issue vesting order for Scotiabank sale

Prime Minister of Antigua and Barbuda, Gaston Browne

By Caribbean News Now contributor

ST JOHN’S, Antigua –Antigua and Barbuda Prime Minister Gaston Browne has advised the Eastern Caribbean Central Bank (ECCB) that his government will not be issuing a vesting order to facilitate the Bank of Nova Scotia’s divestment of its Antigua holdings about which there was no consultation.

The prime minister on Wednesday wrote to Timothy Antoine, the governor of the ECCB, which has regulatory responsibility for banks operating in Antigua and Barbuda’s domestic financial space.

In this letter, Browne told the ECCB governor: “At no stage was the government of Antigua and Barbuda consulted by the Bank of Nova Scotia nor was its agreement sought in this matter. The people of…

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