FSRC takes issue with media reports on private legal matter, saying stories could harm its reputation and mislead the public

The Financial Services Regulatory Commission (FSRC) is taking issue with media reports that say it has been named as the second respondent in a private legal matter that is before the Eastern Caribbean Supreme Court.

In a lengthy press statement, the FSRC says that stories have been published in at least two local newspapers in the past week, and their “form, content and some statements expressed within those published stories,” in its opinion, do not reflect either the factual or legal reality of the case.

According to the regulatory body, the pieces are therefore likely to mislead the public and harm the reputation of both the FSRC and the country, since they have been carried by other media entities inside and outside of Antigua and Barbuda.

An explanation of the FSRC’s procedures and policies can be read here.