Category: CAB

RBC announces sale of Eastern Caribbean banking operations

(PRESS RELEASE) – Royal Bank of Canada (RY on TSX and NYSE) today announced it has entered into definitive agreements to sell all banking operations in the Eastern Caribbean to a consortium of indigenous banks within the region. The transaction is subject to regulatory approval and other customary closing conditions, and is expected to be finalized in the coming months. “Consistent with our strategy of being a competitive leader in the markets where we operate, RBC is always evaluating opportunities…

Education Opportunities Abound for Caribbean Bankers

The vision and mission of the Caribbean Association of Banks (CAB) Inc. are embodied in the organisation’s strategic pillars. The thrust towards member development, support for academic growth, and up-skilling the region’s financial services sector is directly informed by the 45-year-old body’s stated mission – to proactively influence matters of interest to financial institutions through advocacy and education. To that end, CAB annually offers a multiplicity of training and scholarship opportunities at various levels. With a membership numbering over 80…

International Acclaim For Caribbean Banks

Saint Lucia, Tuesday December 3rd, 2019: Two member organisations of the Caribbean Association of Banks Inc. (CAB) have been recognised by internationally-renowned financial magazine The Banker in its Bank Of The Year awards. Announced last Friday, 29 November, the institutions in question are 1st National Bank St. Lucia Limited and Jamaica’s NCB Financial Group. The two banks were named the most outstanding in their respective jurisdictions during the awards ceremony in London, England. These awards are presented by The Banker…

Caribbean Bankers Trained in AML and Correspondent Banking

Sint Maarten, October 29th, 2019 : 19 participants from nine Caribbean jurisdictions took part in a certified one-day training programme designed to improve their understanding of risk and compliance on Tuesday, 29 October 2019, in Philipsburg, Sint Maarten. The registrants, including chief executive officers, chief financial officers, compliance heads, and senior executives, were enrolled in the Anti-Money Laundering for Correspondent Banking – Certificate Programme, enabled by the Florida International Bankers Association (FIBA), in partnership with the Caribbean Association of Banks (CAB)…

Saint Lucian Executives To Get Leadership Training

Caribbean Association of Banks Inc. and FranklinCovey East Caribbean to host Executive Breakfast Meeting Upwardly mobile Executives, Managers, Supervisors, Heads of Department, and Coaches in Saint Lucia will have the opportunity to benefit from a world-renowned leadership, efficiency, and personal development series, thanks to an exciting new collaboration. The Caribbean Association of Banks Inc. (CAB) in conjunction with FranklinCovey East Caribbean – a licensee of FranklinCovey Company – will be hosting an Executive Breakfast Meeting on Thursday 24th October 2019,…

Saint Lucia’s Prime Minister and Chairman of CARICOM leads Discussion on Correspondent Banking at the Washington Times

Prime Minister of Saint Lucia and Chairman of the Caribbean Community (CARICOM), Honourable Allen Chastanet, was the featured speaker at The Washington Times on Wednesday, October 16, 2019. The Washington Times is a daily newspaper published in Washington, D.C., U.S.A., reaching an average of 35 million viewers a week. Prime Minister Chastanet led the discussion off by focusing on issues relating to the withdrawal of correspondent banking relations in the region, and the economic and security implications this has on…

CAB Enjoys Fruitful Visit to Suriname

Saint Lucia, September 12th, 2019: The Caribbean Association of Banks (CAB) Inc. visited a number of its stakeholders in Paramaribo, capital of the South American territory of Suriname, on 5-6 September 2019. The three-member CAB delegation comprised of Chairperson, Mr. Dalton Lee; Immediate Past Chairperson, Ms. Joanna Charles; and CEO, Ms. Wendy Delmar. During their two-day visit, the CAB team met with high-level representatives of the Central Bank of Suriname, VCB Bank, Coöperatieve Spaar – en Kredietbank Godo G.A., Suricharge Bank…

DOWNLOAD: Deloitte Governance Workshop

Roger Hennis and Daryl Walcott-Grappie of Deloitte led the inaugural CAB Training Day, as part of our Fourth Annual CEO and Director Forum, 7-8 June at the Hyatt Regency in Miami, Florida, U.S.A. Dozens of attendees from the Caribbean and North America learned more about global trends and best practices in governance, from one of the world’s most respected names in the field. You can download the presentation by Deloitte below. The CEO and Director Forum is one of the…

CAB Supports Payments Agenda

In fulfilment of its strategic imperative to deepen collaboration with key stakeholders in the regional financial services sector, the CAB has accepted an invitation from the ECCB to become a member of the Eastern Caribbean Payments Council (ECPC). The role of the ECPC is to ensure a safe, efficient and effective functioning payments system in the ECCU. Bulletin – Communication on ECCB payments council…

Advocacy Strikes Again! CAB’s Latest Contribution

The CAB has been pushing the regional financial sector’s agenda on many fronts including the U.S. legislative fora. Last week the Caribbean Central American Action (CCAA reached out to the CAB to get a better understanding of the current climate surrounding the loss of correspondent banking relationships in the region. The CCAA presented the findings…Click for More…