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Request For Proposal To Coordinate A Shared Services Agreement Of The Eastern Caribbean Currency Union National Banks

1.1 The national banks licensed by the Eastern Caribbean Central Bank (ECCB) under the Banking Act, 2015 have been in discussion regarding the consolidation of the Eastern Caribbean Currency Union (ECCU) national banking sector. The consensus of the discussions is that consolidation of the sector be pursued over a period of time and that an initial step ought to be taken in the form of a shared services approach. 1.2 Via correspondence to all 12 licensed national banks, the ECCB…

Corporate Governance in focus at CAACM Conference Antigua 2019

Saint Lucia, Tuesday July 2nd, 2019 : Audit committee directors and audit practitioners from across the Caribbean region gathered at the Royalton Antigua for the Caribbean Association of Audit Committee Members Inc. (CAACM) 13th Annual Conference and AGM. The two-day event (June 27-28, 2019) was attended by over 80 participants under the theme ‘Riding the Wave of Disruption – Practical Aids for the Impending Challenges.’ Antigua and Barbuda’s Prime Minister and Minister of Finance and Corporate Governance, the Honorable Gaston Browne, delivered…

CAB Chair Joins CCJ Trust Fund Board

Mr. Dalton A. Lee, chairperson of the Caribbean Association of Banks Inc. (CAB) has been nominated to sit on the Board of Trustees of the Caribbean Court of Justice Trust Fund (CCJTF) as of 28 February 2019. Mr. Lee, the chairperson and one of the founders of Bank of Montserrat Limited, replaces Mr. Farid Antar as the CAB representative on the CCJTF Board of Trustees. Mr. Antar, an experienced and highly respected banker with over 39 years of outstanding service…

Caribbean Banking Professionals Receive Social Media Training

A total of 22 participants from 12 organisations in six different territories took part in a training session hosted by the Caribbean Association of Banks (CAB) Inc. The two-day workshop, entitled Social Selling Re-Invented, prepared participants to more effectively connect with potential clients via social media, and to more readily use Web 2.0 tools for sales and marketing. Registrants from Antigua and Barbuda, the British Virgin Islands, the Commonwealth of Dominica, Montserrat, Saint Lucia, and Suriname convened at the Coco…

The Caribbean Association of Banks’ Position on Republic Bank’s proposed buyout of Scotiabank’s Banking Operations

Tuesday December 11th, 2018: The Caribbean Association of Banks (CAB) has noted the concerns of the public and private sectors with respect to the proposed sale of Scotiabank’s banking operations in nine (9) Caribbean Countries to  Republic Financial Holding Limited (RFHL). While some of these concerns may be well founded, the CAB views this development as a positive opportunity for the Regional Financial Services Sector. The Region has, in its history, experienced migration, acquisition and consolidation of both locally owned…

The Caribbean Association of Banks voices support for Compliance with OECD/FATF Tax Standards.

Monday November 26th, 2018: The Caribbean Association of Banks (CAB) fully supports the Bankers Association of Trinidad and Tobago’s (BATT) efforts to have its Parliament  enact the necessary legislation for compliance with international Exchange of Information on Request (EOIR) and Automatic Exchange of Information (AEOI) standards, as directed by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes, and the Financial Action Task Force (FATF). As highlighted by the BATT, “Failure to pass this legislation could…

Bank of Asia Officially Launches in the British Virgin Islands (BVI)

The Bank will be offering services to the approximately 200,000 BVI-registered business with ties to Asia. The BVI has seen marked reduction in the number of companies registered in the BVI, particularly in the offshore banking sector. The reduction is attributed to the difficulty offshore banks encounter when trying to obtain banking services. The recent de-risking phenomena have forced banks to reassess their risk appetites which has significant spillover effects for the offshore sector. Bank of Asia is being touted…

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…

A Simple Image Post

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