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 provides opportunities for discussions on issues impacting the regional financial services community as well as the sharing of experiences and networking. CAB’s mission is to advance the interest of member institutions through advocacy, networking, provision of training and other solutions to strengthen the Caribbean financial services sector. The CAB represents forty six (46) banks and financial institutions in the Caribbean with an asset base in excess of US$31 billion as at Dec 31, 2013, in addition to ten (10) Service members comprising regional and international technological and professional institutions and three (3) Honorary Members.
Newly elected Chairperson, Ms Joanna Charles Assistant General Manager, Bank of Saint Lucia Ltd representing Eastern Caribbean Financial Holding Co. Ltd, says that she is “looking forward to taking the CAB to the next level; with a particular focus on advocacy as the need for harmonisation of legislation and regulation across the region is of paramount importance at this time e.g. secrecy laws, credit bureau, electronic payments and foreclosure; in keeping with CARICOM’s agenda to facilitate the free movement of people and capital .” In addition, challenges such as correspondent banking relationships and compliance requirements will be given full attention. There will also be heightened focus on increasing and expanding membership to include all banks in the region from the Northern, Southern, Eastern and Western Caribbean. An invitation remains open to all other Banks and Non-Bank Financial Institutions who have not yet become members as we look to strengthen our voice on issues that impact the Industry.
The CAB has been serving the financial services sector for over 41 years and continues to add value to its members through education and advocacy.
CAB Board of Directors – November 2014: Standing:
L-R: St Kitts -Nevis-Anguilla-National Bank Ltd, Mr Farid Antar – Republic Bank Ltd Vice Chairman, Mr Ellingworth Edwards – National Bank of Dominica, Mr Carlton Barclay – Jamaica National Building Society Seated: L-R: Ms Joanna Charles – ECF Chair person , Mrs Gloria Anthony – Republic Bank Ltd, Mrs Carole Eleuthere-Jn Marie – First Citizens Investments Ltd, Mrs Moya L Leiba-Barnes – JMMB Merchant Bank Ltd, Mrs Mary Popo – CAB Secretariat Missing: Mrs Enid Bissember – CARICOM, Mr. Donald Thompson – St Kitts -Nevis-Anguilla-National Bank Ltd
Contact: Chris Girard, Project Officer
Tel (758) 452â€2877