The government has adopted incentives to encourage foreign financial business, and further banking and finance reforms are in progress. The government plans to merge the regulatory functions of key financial institutions, including the Central Bank of the Bahamas (CBB) and the Securities and Exchange Commission. The Central Bank administers restrictions and controls on capital and money market instruments. The Bahamas International Securities Exchange consists of 19 listed public companies. Reflecting the relative soundness of the banking system (mostly populated by Canadian banks), the impact of the global financial crisis on the financial sector was limited.
Johnson's paternal great-grandfather was Circassian-Turkish journalist Ali Kemal who was a secular Muslim. Johnson's paternal grandfather, Wilfred Johnson – Ali Kemal's son, was an RAF pilot in Coastal Command during World War II. His father's other ancestry includes English, German and French; one of his German ancestors was said to be the illegitimate daughter of Prince Paul of Württemberg and thus a descendant of King George II of Great Britain. This would make him and Elizabeth II sixth cousins twice removed. Through Mary of Teck's connection to Frederick II Eugene, Duke of Württemberg, they would in that case also have a closer genealogical link as fifth cousins twice removed. Johnson's mother is the granddaughter of Elias Avery Lowe, a palaeographer, who was a Russian Jewish immigrant to the US, and Pennsylvania-born Helen Tracy Lowe-Porter, a translator of Thomas Mann. In reference to his varied ancestry, Johnson has described himself as a "one-man melting pot" – with a combination of Abrahamic religious great-grandparents. Johnson was given the middle name "Boris" after a Russian émigré his parents had once met. An episode of Who Do You Think You Are? explored the German origins of his middle name Pfeffel. Through this family line, Boris Johnson is a descendant in the seventh generation of Anna Catharina Bischoff, whose mummified corpse was found in 1975 and identified in 2018.
More InfoIn the 1820s during the period of the Seminole Wars in Florida, hundreds of North American slaves and African Seminoles escaped from Cape Florida to The Bahamas. They settled mostly on northwest Andros Island, where they developed the village of Red Bays. From eyewitness accounts, 300 escaped in a mass flight in 1823, aided by Bahamians in 27 sloops, with others using canoes for the journey. This was commemorated in 2004 by a large sign at Bill Baggs Cape Florida State Park. Some of their descendants in Red Bays continue African Seminole traditions in basket making and grave marking.
More InfoJohnson has been described as a divisive and controversial figure in British politics. Sonia Purnell described Johnson as "the most unconventional, yet compelling politician of the post-Blair era". She added that he was "beloved by millions and recognised by all". Giles Edwards and Jonathan Isaby commented that Johnson appealed to "a broad cross-section of the public", with his friends characterising him as a "Heineken Tory" who can appeal to voters that other Conservatives cannot (a reference to the beer advertisement). Gimson expressed the view that "people love him because he makes them laugh", noting that he had become "the darling of the Tory rank and file".
More InfoThe Bahamas consists of a chain of islands spread out over some 800 kilometres (500 mi) in the Atlantic Ocean, located to the east of Florida in the United States, north of Cuba and Hispaniola and west of the British Overseas Territory of the Turks and Caicos Islands (with which it forms the Lucayan archipelago). It lies between latitudes 20° and 28°N, and longitudes 72° and 80°W and straddles the Tropic of Cancer. There are some 700 islands and cays in total (of which 30 are inhabited) with a total land area of 10,010 km2 (3,860 sq mi).
More InfoDuring the American War of Independence in the late 18th century, the islands became a target for US naval forces. Under the command of Commodore Esek Hopkins; US Marines, the US Navy occupied Nassau in 1776, before being evacuated a few days later. In 1782 a Spanish fleet appeared off the coast of Nassau, and the city surrendered without a fight. Spain returned possession of The Bahamas to Great Britain the following year, under the terms of the Treaty of Paris. Before the news was received however, the islands were recaptured by a small British force led by Andrew Deveaux.
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