More specifically, before offering any derivative product to clients, banks should obtain Board resolution from the corporates which should explicitly mention, inter alia, (i) the limit assigned by the corporate to the bank, (ii) the names and designation of the officials of the company authorised to undertake particular derivative transactions on behalf of the  8  BIS central bankers’ speeches  company (iii) specific products that can be transacted by such designated officials, etc.
I wish first to congratulate Toppin, Walker and Deloitte for achieving this milestone, that of combining to establish the new firm Deloitte (Barbados). It is a remarkable achievement which needs to be celebrated. Such accomplishments are the result of hard work, application and the ability to grasp opportunities when they arise.