The banking sector continues to be guarded in response to questions that have been raised by this newspaper about how local commercial banks propose to respond to a new United States law, which requires foreign banks and other agencies to provide the US Internal Revenue Service (IRS) with financial information pertaining to account holders and investors holding US citizenship.
However, in response to Stabroek Business most recent enquiry made at a banking and investment seminar earlier this week officials from two separate commercial banks dropped broad hints that the new US legislation is currently being contemplated by the banking sector under the auspices of its umbrella organization, the Guyana Association of Bankers.
Scotiabank Marketing Manager Jennifer Cipriani who chaired the Georgetown Chamber of Commerce and Industry (GCCI)-organized banking and investment forum declined to
