The Commonwealth of Dominica is becoming in recent years a major international financial centre. The largest sectors are "offshore banking, payment processing companies, and general corporate activities". Regulation and supervision of the financial services industry is the responsibility of the Financial Service Unit of the Commonwealth of Dominica (FSU) under the supervision of the Ministry of Finance. There are a number of service providers. These include global financial institutions including Scotiabank, Royal Bank of Canada, Cathedral Investment Bank, First Caribbean International Bank, and The Interoceanic Bank of the Caribbean.