CAB’s 8th CEO & Director Forum in Miami Concluded with A Resolute Commitment to Fortify Resilience Against Challenges Endangering the Financial Services Sector

Saint Lucia, Friday, June 28, 2024: The Caribbean Association of Banks (CAB) concluded its eighth CEO & Director Forum on 8 June 2024 in Miami, Florida under the theme “Building Resilience Today: Securing Tomorrow”. Hosted at the Hyatt Regency Miami, this event represented a crucial step forward in the collective effort to address issues confronting the financial services sector.  The Forum brought together Banking and Fintech CEOs, Directors, Compliance Professionals, Technical Service Providers, Regional and International Bodies Representatives and banking industry professionals to discuss new business models for the financial services sector and the developments that have revolutionised the industry.

The two-day conference featured a variety of session formats, including a training session, plenary discussions, parallel sessions and cocktail receptions which were marked by a vibrant atmosphere of networking and relationship building. These sessions offered a platform for sharing a broad spectrum of expert views and strategies, encompassing various aspects of banking challenges and effective responses. Discussions ranged from a technical session on Basel II and III accords with a specific focus on the capital-related implications, analysing the opportunities currently existing in Guyana, examining the skills score in an attempt to bridge the skills gap, to sharing perspectives on industry regulations and reviewing the practical implications of data privacy violations.

This year, the flagship event saw record participation welcoming over 90 C-suite level executives.  Over the two-day in person event, the forum brought together policymakers, international financial and multilateral organisation representatives, financial institutions and corporate leaders from across the region as speakers. Speakers included: Governor John A. Rolle, Central Bank of The Bahamas; Deputy Governor Dorian Noel, Central Bank of Trinidad and Tobago; Mr. Raymond Haynes, Partner, Deloitte; Winston Brassington, Principal, The WB Consulting Group LLC; Shaleeza Shaw, Managing Director, Opulent Consultancy Inc; Winston Moore, Deputy Principal, The University of the West Indies, Cave Hill Campus; Joel-Ann Cook-Walcott, Managing Director, Persolve Limited; Marcela Ponce, Sustainable Finance Advisory Services Lead, International Finance Corporation (IFC);  Mr. Federico S Fische, Team Lead for the Caribbean Climate Investment Program, USAID Climate Finance for Development Accelerator; Dr Tanya McCartney, CEO & President, GEM Management & Advisory Services Ltd and Sekou Mark, Head, English-Speaking Caribbean, Latin America and the Caribbean,IFC.

Ms. Leesa Kow, Chairperson of the CAB, said: “As an Association we must continue to confront the challenges and prepare for opportunities, including the clear trade opportunities emerging in countries such as Guyana, so that we can stimulate and facilitate increased trade between our CARICOM nations. Our adoption of the technology and adaptation to the changing environment will be key to us taking advantage of all opportunities and so we must be prepared”.

She highlighted that the sessions and speakers were carefully curated to stimulate and support the dialogue required amongst each other as industry leaders and with international counterparts, where necessary.

Chief Executive Officer of The Jamaica National Group, Hon. Earl Jarrett in his keynote address underscored the importance of remaining resolute in favour of your vision. He called on banks to come together as an industry unified by our Caribbean roots to develop effective solutions to pervasive challenges such as de-risking.

International partners, International Finance Corporation (IFC) and USAID Climate Finance for Development Accelerator emphasised the urgency of intensifying efforts to address sustainable finance and advocate for renewable energy and energy-efficient products.

The forum included participation from sponsors including PBS Technologies, Hitachi Systems Security Inc, Phoenix International, The Ksquare Group, Raymond James, Eastern Caribbean Home Mortgage Bank (ECHMB), Salesforce, The International Finance Corporation (IFC), Sterling Asset Management Ltd and Newgen Software Inc.

The concluding remarks by Ms. Tanya Watson-Francis, Chairperson of the CAB’s Events Committee encapsulated the spirit of the event, stressing the adaptation of dialogues into tangible actions. The forum represented not just a confluence of expert opinions but a commitment to progressing the mandate of the members.

The successful conclusion of the CEO & Director Forum has laid a solid foundation for a more resilient and prepared CAB, poised to effectively tackle both existing and emerging challenges that threaten to undermine the financial services sector.  As the CAB celebrates 50 years of its existence this year, the community took stock of the achievements while paving a way forward – uniting over 70 members to ensure that all members and member territories are expertly represented on matters of significance impacting the development of the sector and growth of the region.

 

END

 

About the CAB:

Established in 1974, the CAB is a community of banks and other financial institutions in the Caribbean Region, which proactively influences issues impacting the financial services sector through advocacy, education and networking. The CAB represents fifty-six (53) banks and financial institutions in the Caribbean with an asset base in excess of US$41 billion as at Dec 31, 2018, in addition to sixteen (17) Service members comprising regional and international technological and professional institutions and three (3) Honorary Members, and six (6) Associate Members, spanning 20 territories.

For more information contact:

Ms. Wendy Delmar
Chief Executive Officer
Email: cab@candw.lc
Tel: (758) 452‐2877

User Avatar

The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

Write a comment


The reCAPTCHA verification period has expired. Please reload the page.