Category: News

The CAB conference looks to the Future of Banking and the path to Regional financial prosperity.

The Caribbean Association of Banks (CAB) concluded its 43rd Annual General Meeting and Conference under the theme: “Caribbean Banking: Fresh Tools, New Thinking” in Curacao on 16th-19th November, 2016. The conference served as a watershed event for banking stakeholders around the region to discuss the challenges facing the industry and to explore relevant solutions. The event provided a stimulating platform on which industry leaders discussed strategies which could potentially assist in achieving their corporate goals. Leaders were cognizant that risks…

The Cab Encourages Caribbean Governments to Comply With Fatca

The Caribbean Association of Banks (CAB) calls upon all Caribbean countries, which have not yet done so, to expedite the Intergovernmental Agreement (IGA) process with the Government of the USA, with respect to their obligations under the Foreign Account Tax Compliance Act (FATCA). The CAB recommends that all IGAs should be signed and all relevant regulations/legislation should be in force before December 31st 2016. Failure to do so could result in significant repercussions for Foreign Financial Institutions (FFIs) within these…

The Caribbean Association of Banks Applauds IMF Managing Director Christine Lagarde

The Caribbean Association of Banks Inc. (CAB) strongly supports the recent remarksi and proposed approach of IMF Managing Director Christine Lagarde, regarding the de-risking/correspondent banking issue. As she states, “It is a collective action problem that calls for a collective solution” The CAB has been active in raising and advocating on this issue and its effects on the Caribbean region, since 2014 when it brought the matter to the attention of Caribbean governments and other stakeholders. The CAB requested regional intervention…

The Caribbean Association of Banks Inc. Holds A Successful CEO Forum On De-Risking

The Caribbean Association of Banks Inc. (CAB) seeks to address the significant issue of the loss of Correspondent Banking relationships currently threatening the regions’ financial services sector. At its recently held CEO Forum on De-Risking, CEO’s, Directors and Compliance Professionals from regional banks together with Technical Service Providers, a US Legal Representative and a potential provider of Correspondent Banking services came together, to explore potential solutions and develop a set of actions in response to this threat. In her opening…

New Board of Directors 2016

The Caribbean Association of Banks Inc. (CAB) is pleased to announce its new Board of Directors for 2016. The Board is responsible for policy decisions and oversight of the CAB’s operations. The new CAB Board of Directors comprises: Chairperson – East Caribbean Financial Holding Co., Ms Joanna Charles Vice Chairperson – Republic Bank Ltd, Mr Farid Antar Secretary – Mrs Mary Popo Director – First Citizens Investments Services Ltd, Mrs Carol Eleuthere-Jn Marie Director – CARICOM, Mrs Enid Bissember Director – JMMB…

The Caribbean Association of Banks Inc. Holds A Successful CEO Forum On De-Risking

The Caribbean Association of Banks Inc. (CAB) seeks to address the significant issue of the loss of Correspondent Banking relationships currently threatening the regions’ financial services sector. At its recently held CEO Forum on De-Risking, CEO’s, Directors and Compliance Professionals from regional banks together with Technical Service Providers, a US Legal Representative and a potential provider of Correspondent Banking services came together, to explore potential solutions and develop a set of actions in response to this threat. In her opening…

Career Opportunity

COMPANY DESCRIPTION Caribbean Association of Banks Inc (CAB) is a community of banks and other financial institutions in the Caribbean, established in 1974. The CAB’s Mission is to proactively influence issues impacting the financial services sector through advocacy, education and networking. The CAB invites applicants from suitably qualified CARICOM member countries to fill the post of Research Officer at its Saint Lucia Secretariat Office. Research Officer – CAB (Secretariat Office, Saint Lucia) Responsibilities Undertake research and analysis on a range of banking, economic…

New Board of Directors 2016

The Caribbean Association of Banks Inc. (CAB) is pleased to announce its new Board of Directors for 2016. The Board is responsible for policy decisions and oversight of the CAB’s operations. The new CAB Board of Directors comprises: Chairperson – East Caribbean Financial Holding Co., Ms Joanna Charles Vice Chairperson – Republic Bank Ltd, Mr Farid Antar Secretary – Mrs Mary Popo Director – First Citizens Investments Services Ltd, Mrs Carol Eleuthere-Jn Marie Director – CARICOM, Mrs Enid Bissember Director – JMMB…