Category: CAB

Financial Institutions and ECCB Offer Extended Support to Customers

The Eastern Caribbean Central Bank (ECCB) and the ECCU Bankers’ Association have carefully reviewed the current circumstances in relation to the ongoing COVID-19 pandemic and have revised their support programme to help reduce the anxiety that some customers and residents continue to experience over the loss of income due to the pandemic. The unprecedented situation that we recognised in March 2020 has not yet shown signs of significant improvement, and more lives and livelihoods have been impacted by the significant…

Caribbean Banks Face Mask Challenge

Castries, Saint Lucia, Tuesday, August 14th 2020: Caribbean territories have joined the rest of the world in implementing a number of protocols to combat the COVID-19 pandemic in recent months. These include wearing of masks in public, as recommended by the World Health Organisation. But with the mass adoption of masks, business places, including banks and financial institutions, are faced with new challenges. Public health officials view masks as one of the best defenses against the growing novel coronavirus threat,…

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…

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 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…

COVID19 Update on CAB Secretariat Status

Based in Castries, the Secretariat of the Caribbean Association of Banks (CAB) Inc. proactively initiated a remote protocol as of Monday, 16 March, 2020. The CAB office will be closed until 5 April in the first instance, in keeping with the edict of the Government of Saint Lucia. Nonetheless, the five-member Secretariat, led by CEO Ms. Wendy Delmar, remains committed to serving the needs of over 80 members and partners in more than 20 territories, whilst working from home and…

Proposed Sale of Canadian Banks in the Caribbean Under Review

Saint Kitts and Nevis, Friday, February 21st, 2020: Governor Timothy Antoine of the Eastern Caribbean Central Bank (ECCB) has confirmed that his organisation is reviewing applications for the intended sale of banking assets within the Eastern Caribbean Currency Union (ECCU) jurisdiction. Governor Antoine spoke at a press briefing on Friday 14 February 2020, following the 95th Meeting of the ECCU Monetary Council at ECCB headquarters in Basseterre, St. Kitts and Nevis. In November 2019, Canadian Imperial Bank of Commerce declared…

New Country Manager at CIBC FirstCaribbean Saint Lucia

PRESS RELEASE: Mr. Victor Boyce has been appointed to the role of Director Corporate Business Development – Organisation of Eastern Caribbean States (OECS) and Country Head – Saint Lucia for CIBC FirstCaribbean Bank, effective February 1, 2020. Mr. Boyce succeeds Mrs. Ladesa James-Williams in that role. Mrs Williams has been appointed Director, Retail Sales OECS and Country Head in her native Antigua and Barbuda. Mr. Boyce is a career banker with over 20 years’ experience in the industry, fifteen of…