The Caribbean Association of Banks Inc. (CAB) is proud to represent the interests and concerns of the Caribbean banking and financial services industry. We recognise the critical role played by the industry in the facilitation of business and trade which underpins the growth of our economies. It is with consideration of the previous, that we wish to state our recognition of the frustrations articulated by members of the public (our valued customers and clients) regarding the expressed onerous requirements and…
FIBA Conference: A New Take on De-Risking
Saint Lucia, Wednesday 29 March 2023- Thursday 16 March concluded the 2023 FIBA AML Conference which was hosted at the Trump National Doral in Miami, Florida, USA. The last of the conference was the Annual Caribbean Financial Roundtable where Chief Executive Officer, Ms. Wendy Delmar represented the Caribbean Association of Banks Inc. Ms. Delmar shared that the roundtable ended on a positive note. This year’s Roundtable featured industry leaders and speakers from US and Caribbean financial institutions including banks, fintech companies…
Central Bank authorizes two companies to issue electronic money in Trinidad and Tobago 🇹🇹
The Central Bank of Trinidad and Tobago (CBTT) says it has issued provisional registrations to two additional companies, including the Telecommunication Services of Trinidad and Tobago (TSTT) as electronic money (e-money) issuers. The CBTT said the provisional registration, which has also been given to PESH Money Limited (PESH), cover an initial six-month period and authorizes the two companies to issue e-money from March 1, 2023. “Under the terms of the registrations, both companies will be allowed to enlist new customers…
Caribbean Bankers Elect New Board
Managing Director of the Jamaica-based JN Bank, Leesa Kow is the new chair of the Caribbean Association of Banks (CAB) Inc. Ms. Kow was elected unopposed during the Association’s 49th Annual General Meeting held on Wednesday, 26 October at the Harbor Club Resort in Saint Lucia. She replaces Dalton Lee, founder and chairperson of the Bank of Montserrat, who served two terms as chairperson of CAB. Mr Lee will, however, has been elected to serve as director for the Eastern…
Caribbean Bankers To Meet In Saint Lucia 🇱🇨
Saint Lucia, Friday, October 21st, 2022: More than 200 bankers, financial services professionals, regulators, Government officials, and representatives of regional and international agencies from the Caribbean, North America, South America, Europe, Asia, and Africa will meet in the coming days for CAB Conference Saint Lucia 2022. It will be the first time since 2019 that the foremost gathering of regional banks will be convened in person, and from all reports, the highly anticipated event will be crucial and transformative. The…
Caribbean Association of Banks and Freedom Seal Global ‘go blue’ to end modern slavery 💙
Commitment to #EndModernSlavery comes ahead of UN’s World Day Against Trafficking in Persons on July 30th SAINT LUCIA, JULY 12TH – The Caribbean Association of Banks (CAB) is joining Rani Hong, a survivor of child trafficking and CEO of the Freedom Seal Global, in going blue to show their commitment to end modern slavery and human trafficking. The commitment from the CAB comes ahead of the United Nations’ World Day Against Trafficking in Persons, to be marked on July 30th.…
Largest Indigenous Bank in the ECCU Joins DCash Pilot 🇰🇳
The St. Kitts-Nevis-Anguilla National Bank Limited (SKNANB), the largest indigenous commercial bank in the Eastern Caribbean Currency Union (ECCU), recently became the newest financial institution to join the DCash Pilot. With SKNANB’s enrollment in the pilot, it means that its retail and corporate customers can now sign-up for a DCash wallet. DCash, the digital version of the EC dollar, provides a Safer, Faster, Cheaper way to transfer funds and process payments. SKNANB is now the twenty-first financial institution in the…
Dr Jide Lewis appointed deputy governor at the Bank of Jamaica 🇯🇲
Career central banker Dr. Jide Lewis has been appointed to the position of Deputy Governor, Financial Institutions Supervisory Division and as Deputy Supervisor of Banks, Financial Holding Companies, and Other Specified Financial Institutions (“Deputy Supervisor”) of the Bank of Jamaica, with effect from 16 June 2022. In this capacity, he will have responsibility for ensuring the relevance and adequacy of the legislative and regulatory framework and operational infrastructure to satisfy the statutory and supervisory responsibilities necessary to support the Bank’s financial system stability…
1st National (St. Lucia) Appoints Fletcher St. Jean as MD 🇱🇨
Castries, Saint Lucia, May 11, 2022: Following an extensive search, 1st National Bank (St. Lucia) Limited has confirmed the appointment of Mr. Fletcher St. Jean to lead the institution as its Managing Director. An innovator, and an effective change manager, Mr. St. Jean brings a wealth of banking & finance experience that stretches over 20 years. A student of Finance, Mr. St. Jean began his banking and finance career with Citigroup Banking Division as one of the youngest managers in…
ECCB Wins International Award for Polymer Notes
The Eastern Caribbean Central Bank (ECCB) has won the Reconnaissance International Regional New Banknote Series Award for its family of EC Polymer Notes. The prestigious award recognises newly introduced banknotes and ID documents that exemplify superior technical sophistication and excellence in design and security. In his virtual acceptance speech, Acting Director in the ECCB’s Currency Management Department, Norman Sabaroche, thanked Reconnaissance International for the award, noting that it is a fitting accolade for the ECCB’s innovation of changing the substrate…