A banking expo aimed at pumping energy into the financial sector was rescheduled for today after being postponed amid the sudden torrential rains that swept the territory last week.

Originally set for last Thursday, the event was called off with just a few hours’ notice as the Virgin Islands was hit by a severe weather system.

Deputy Premier Lorna Smith, who has been talking up the importance of the BVI Business Banking Expo for months, said she is “excited” to see it go ahead.

Branding the expo a “crucial event,” Ms. Smith, who is also the financial services minister, said it will be a key moment for banking in the territory.

She added that it is intended to boost business across the territory, not just on Tortola.

Expected attendees

The gathering is designed to unite business owners, entrepreneurs and others “seeking to navigate” the financial world with “confidence and vigour,” according to the Ministry of Financial Services, Labour and Trade.

Ms. Smith added, “This dynamic event offers a valuable opportunity for financial institutions; micro, small and medium enterprises; business owners; and entrepreneurs to connect, share insights, and explore the latest developments in the banking industry.”

Organisers said the expo will feature expert speakers from the financial sector providing “invaluable insights into the latest banking trends and innovations.”

Advice on business planning, product development, marketing strategies, and the banking industry will feature at the event, the ministry said.

The expo will also see people from micro, small and medium-sized businesses — known as MSMEs — showcasing their experiences in testimonials.

The ministry statement explained that participants will gain “real-world perspectives” from those talking about how they have managed in the business world.

Regulatory structure

Another major focus will be the financial regulatory structure, which will be discussed as part of efforts to “maximise the relationship between banks and entrepreneurs, fostering a conducive environment for business growth and development,” the ministry stated.

Ms. Smith said she hopes to make the expo a regular event.