Category: News

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…

Streamlined banking piloted in the Caribbean: Caribbean Association of Banks (CAB) collaborates with the UK’s Alexander Bain

The Caribbean Association of Banks (CAB) is collaborating with UK-headquartered Alexander Bain to pilot ‘Streamlined’, a new internet-based secure financial intermediation platform to improve accessibility to loans for businesses regionally. Through Alexander Bain, a pioneering management consultancy with presence in the UK and the Caribbean, users will access an electronic network of banking associates across the Caribbean. Streamlined will facilitate prospective borrowers to electronically apply to a network of multiple commercial banks across the Caribbean. Banks will receive a copy…

CAB Conference Provides The Right Forum To Plan For Success In A Changing Economic Environment

St. Lucia, Fri. Nov. 21, 2014: The Caribbean Association of Banks (CAB) successfully completed its 41st Conference and Annual General Meeting held in Grenada from 12-15th November. As a primary objective, CAB provides a forum that enables members to solve their common challenges through understanding, education and co-operation. The conference, held under the theme – “The Changing Face of Caribbean Banking”, was officially opened by Her Excellency Dame Cecile La Grenade, Governor General of Grenada. Feature speaker and industry veteran…

The Caribbean Association of Banks Announces Its New Board of Directors for 2014 – 2015

St. Lucia, Mon. Dec. 1, 2014: The Caribbean Association of Banks (CAB) successfully held its AGM during the 41st Conference in Grenada from 12-15th November. Arising from the election of some director positions, the CAB is pleased to announce its new Board of Directors for 2014 which began its term from 12th November, 2014. The Board makes policy decisions and oversees the CAB’s operations. The CAB is a community of banks and other financial institutions in the Caribbean Region, which…