Category: News

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…

CRS-related FAQs

What balance or value of an Equity Interest should be reported where the value is not otherwise frequently determined by the Financial Institution (for example it is not routinely recalculated to report to the customer)…read more…

Economist – BlockChains

WHEN the Honduran police came to evict her in 2009 Mariana Catalina Izaguirre had lived in her lowly house for three decades. Unlike many of her neighbours in Tegucigalpa, the country’s capital, she even had an official title to the land on which it stood. But the records at the country’s Property Institute showed another person registered as its owner, too—and that person convinced a judge to sign an eviction order. By the time the legal confusion was finally sorted…

The Caribbean Association Of Banks Salutes Sir Dwight Venner

St. Lucia, Monday December 7, 2015: The Caribbean Association of Banks (CAB) wishes to thank the Honourable Sir Dwight Venner for his distinguished service, significant achievements and unstinting commitment to the Eastern Caribbean Currency Union. After 26 years of service as Governor of the Eastern Caribbean Central Bank, the CAB acknowledges Sir Dwight’s contributions in the areas of Central Banking, Financial Inclusion, Monetary and International Economics, Public Finance and Economic Development through his work and extensive publications. Sir Dwight has…

The Cab Conference Takes A Critical View Of The Road Ahead For The Caribbean Financial Services Sector

St. Lucia, Wednesday November 25, 2015: The resilience and direction of the Caribbean banking sector was the focus of attention at the recent 42nd Conference of Caribbean Association of Banks Inc. (CAB), held in St Kitts and Nevis. At the end of the Conference, the burning question put to all was “Are we still at crossroads or on a merry go round trying to figure out how to get off?” The Conference, held under the theme – “The Financial Services…

District of Columbia 2015 Budget Support Act

St. Lucia, Tue. October 6th, 2015: The Caribbean Association of Banks Inc. (CAB) is once more forced to express its deep concern over yet another “tax-haven” list which includes 15 Commonwealth Caribbean countries. The referred list appears within the District of Columbia’s 2015 Budget Support Act which expands the definition of “tax haven” (for purposes of the water’s-edge combined group rules). This Act is due for passing by the US Congress in just 18 congressional working days from Sunday 20th September, 2015. While the CAB…

CAB Advisory on Bank Fees

The Caribbean Association of Banks (CAB) has noted the recent press activities in relation to bank fees. Therefore in keeping with its mandate of advocacy on behalf of its constituents, would like to advise as follows. The issue of banking fees is not unique to Jamaica or any one country in the region; in fact the ECCB (Eastern Caribbean Central bank) also has a code of banking practice which among other things speaks to the proper disclosure of banking fees…

CAB Collaborates with FIBA & FIU to Repeat Popular AML Training in Trinidad

Contact: Chris Girard Phone Number: 1-758-4522877 Caribbean Association of Banks collaborates with FIBA and FIU to bring finance professionals together, once again, and provide them with training and certification in Anti Money Laundering (AML) and Risk. The training, which took place in March 2014, was broken down into two popular workshops with one day for the AML/CFT Risk Assessment and two days for the AMLCA certification The workshops attracted Risk, Compliance, Audit and Regulatory professionals from government, banking and other…