Author: Caribbean Association of Banks Inc

CAB Connects With UN FACTI

Castries, Saint Lucia, Thursday, July 23rd 2020: The Caribbean Association of Banks (CAB) Inc. was on Thursday, July 23rd 2020 offered the opportunity to engage in dialogue with the United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (UN FACTI Panel). Led by chairperson, Mr. Dalton Lee, the recognised voice for the Caribbean banking and financial services sector addressed panelists on the issues and challenges affecting the industry in the region. The 75-minute…

CAB Bulletin Issue 3, July 2020

In this edition, our second for the calendar year 2020, we chat with Mr. Nigel M. Baptiste, president and CEO of Republic Financial Holdings Ltd. We also address the development of a CARICOM Real-Time Gross Settlement (RTGS) system, cybersecurity in the midst of the global pandemic, and the 2020 Atlantic hurricane season. Additionally, we look at some of the work CAB has been doing in recent months, and remind you of two of our blue-riband scholarship opportunities. APPLY NOW! Download…

Caribbean Investment Holdings signs agreement to acquire Scotiabank’s Belize banking operations

Caribbean Investment Holdings Limited has reached an agreement for the purchase of Scotiabank (Belize) Ltd. (SBL) from Scotiabank Caribbean Holdings Ltd., for an initial purchase price of up to US$30.5 million. Scotiabank Caribbean Holdings is a subsidiary of The Bank of Nova Scotia (BNS). The acquisition is subject to regulatory approval and customary closing conditions. The acquisition will be effected pursuant to a share purchase agreement among the Company, the Seller and BNS dated 19 June 2020. Under the terms…

Frequently Asked Questions – Moratorium (Bankers Association of Saint Lucia)

In these trying times, the Bankers Association of Saint Lucia is here to support you and your family. Our objective is to help you to concentrate on what is important – remaining in good health, supporting your loved ones, and of course, taking care of your finances. Our Association members are offering our valued customers, moratoriums on bank debts in an attempt to cushion the economic blow dealt by the COVID-19 Pandemic. To assist with your concerns on moratoria we…

The Scourge Of EU Blacklisting

Some have long viewed the Caribbean as a true paradise for vacationers and tax evaders alike. As it relates to the latter, there have been tremendous efforts at the national and regional levels to change this unwarranted narrative. Yet, as a region, we seem to be locked into a perpetual dance with the European Union (EU), being called off and back on to the dancefloor of the proverbial “blacklist.”…

CAB Welcomes New Director

"It is a tremendous pleasure to be able to receive Michael, whom I am certain will play a significant role in advancing our organisational goals and objectives. We are delighted at his willingness to take up the challenge of working with us to serve our members across the region and beyond. Sean's presence will, of course, be greatly missed, and we will continue to cherish his memory and hold him dear to our hearts."…

CAB Bulletin Issue 2, April 2020

Welcome to Issue 2 of The CAB Bulletin! This issue includes a tribute to our late director, Mr. Sean Husain; an exclusive interview with the CEO of the Jamaica National Group, Hon. Earl Jarrett, on his organisation’s acquisition of a banking licence to operate in the United Kingdom; an update on COVID-19; and an overview of recent and upcoming CAB events. Enjoy!  Download     …

CAB Director Sean Husain Passes Away

Paramaribo, Suriname, Tuesday, March 24th, 2020: It was with great sadness that the Board and Secretariat of the Caribbean Association of Banks (CAB) Inc. received the news on the evening of Monday 23 March 2020 that Director Sean Husain had passed away. Director Husain took ill suddenly on Monday night, having been involved in calls earlier in the day with fellow CAB Board members. A well-respected figure in the Caribbean banking and financial services sector, Sean had been with Republic…