TIMES.VG

BVI, Caribbeanand International News
TIMES.VG

We can be trusted, we’re not rogues — Fraser

We can be trusted, we’re not rogues — Fraser

Opposition Leader Julian Fraser has insisted that elected leaders in the BVI can be trusted to implement agreed-upon governance reforms without the threat of a United Kingdom (UK) takeover.
The Third District Representative told residents at a public meeting last evening that he met with UK Overseas Territories Minister Lord Zac Goldsmith during his recent visit to the BVI and shared his position on the BVI’s progress so far on implementing these reforms that were outlined in the Commission of Inquiry (COI) report.

“We are not a group of untrustworthy people. We can be trusted. We are people who have proven ourselves over time,” Fraser expressed.

Fraser said the BVI’s financial services sector remains sound and despite threats from the European Union (EU) and others, the territory has been compliant with onerous regulations that have been imposed. “We, as a legislature, have passed every piece of legislation that was necessary to ensure that we are compliant. We made those laws first, and then we passed them,” he said.

Fraser argued fervently that the BVI does not need the Order in Council placed over the territory by the UK in the event the BVI reneges on an agreement to implement the COI reforms.

“So, it’s not as if we are a bunch of rogues out there that no one can trust. We don’t need to have an Order in Council hanging over our head in order for us to deliver on promises that we have made,” Fraser argued.

We want to operate freely

In the meantime, Fraser said he was questioned by Lord Goldsmith over the sluggishness of completed reforms and asked why only 12 of the 48 recommendations had been delivered upon so far.

“I said, that is not a fair assessment because those 12 of the 48 were done during the time when we were setting up,” the Opposition Leader explained.

Fraser said he told Lord Goldsmith that the government’s Implementation Unit, which was established to help streamline the implementation of the reforms, had to be formed and he assured Lord Goldsmith that things will be different after this period. According to Fraser, there was consensus from the OT Minister and his team over Fraser’s position on the delayed reforms.

“I think what you’re going to see though, is some UK folks coming under the guise of working on the implementation of the plan — those 48 recommendations,” Fraser suggested.

He added: “The government has been under pressure. The government is still under pressure. That is not the position that we want to be in. We wanna find ourself in a place where we can operate freely as we have in the past, serve our people freely and I think that time is coming.”
Newsletter

Related Articles

TIMES.VG
Close
0:00
0:00
Powell: Silicon Valley Bank was an 'outlier'
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
Jeremy Hunt insists his Budget will get young parents and over-50s back into work
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Mexican President Claims Mexico is Safer than the U.S.
A brief banking situation report
Lady bites police officer and gets instantly reaction
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
BBC Director General, Tim Davie, has apologized, but not resigned, yet, following the disruption of sports programmes over the weekend
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Banking regulators close SVB, the largest bank failure since the financial crisis
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Don Lemon, a CNN anchor, has provided a list of five areas that he believes the black community needs to address.
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
Givenchy Store in New York Robbed of $50,000 in Merchandise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
U.S. Jet Shoots Down Flying Object Over Canada
Being a Tiktoker might be expensive…
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and JD.com, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.
The desk of King Carlos Alberto of Sardinia has many secret compartments
Today's news from Britain - 9th February 2023
×