{"id":194947,"date":"2024-02-04T14:14:02","date_gmt":"2024-02-04T18:14:02","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=194947"},"modified":"2024-02-04T14:14:02","modified_gmt":"2024-02-04T18:14:02","slug":"hurst-says-concerns-about-missing-hurricane-relief-funds-should-be-addressed-to-the-fsrc-not-pm","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/hurst-says-concerns-about-missing-hurricane-relief-funds-should-be-addressed-to-the-fsrc-not-pm\/","title":{"rendered":"Hurst says concerns about missing hurricane relief funds should be addressed to the FSRC not PM"},"content":{"rendered":"
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\"\"<\/a><\/div>\nhttps:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/02\/FSRC.mp3<\/a><\/audio>\n

The government holds the Financial Services Regulatory Commission (FSRC) accountable for the recent issues involving British philanthropist Jack Stroll and the Global Bank of Commerce.<\/p>

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The FSRC has remained silent on the matter for about three weeks. Stroll’s charity sent $1 million to the bank for hurricane relief in Barbuda, but the funds are unaccounted for.<\/p>\n

Clients are having difficulty withdrawing funds, raising concerns about the bank’s stability. Prime Minister Gaston Browne’s government, aware of the situation beforehand, denies responsibility, directing inquiries to the FSRC.<\/p>

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Chief of Staff Lionel Max Hurst asserts the FSRC, as the regulatory authority, should address the matter, emphasizing no wrongdoing in the fund transfer.<\/p>

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The FSRC faces the challenge of proving its ability to handle the ongoing issues with the Global Bank of Commerce.<\/p>\n

The bank is led by CEO Brian Stuart-Young, with Paul Ashe serving as Chief Regulatory Officer.<\/p>

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\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The government holds the Financial Services Regulatory Commission (FSRC) accountable for the recent issues involving British philanthropist Jack Stroll and the Global Bank of Commerce. The FSRC has remained silent on the matter for about three weeks. Stroll’s charity sent $1 million to the bank for hurricane relief in Barbuda, but the funds are unaccounted […]<\/p>\n","protected":false},"author":3,"featured_media":163993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-194947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nHurst says concerns about missing hurricane relief funds should be addressed to the FSRC not PM - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/hurst-says-concerns-about-missing-hurricane-relief-funds-should-be-addressed-to-the-fsrc-not-pm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hurst says concerns about missing hurricane relief funds should be addressed to the FSRC not PM\" \/>\n<meta property=\"og:description\" content=\"The government holds the Financial Services Regulatory Commission (FSRC) accountable for the recent issues involving British philanthropist Jack Stroll and the Global Bank of Commerce. 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