financial services
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Modernisation of CARICOM Financial Sector in focus in Trinidad and Tobago
Efforts to modernise the Caribbean Community’s (CARICOM) financial sector are accelerating as regional Central Banks, regulators, stock exchanges, private-sector stakeholders, and development partners work to align the Region’s financial architecture with global standards. Regional financial leaders and experts are in Port-of-Spain, Trinidad and Tobago, for a two-day forum aimed at strengthening CARICOM’s financial foundation and making it more inclusive, coherent,…
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CARICOM and Botswana strengthen diplomatic ties
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) – Formal diplomatic ties between the Caribbean Community (CARICOM) and the Republic of Botswana strengthened on Thursday 27 November, as CARICOM Secretary-General Dr Carla Barnett, welcomed a new Ambassador from the Southern African country, Her Excellency Ms. Benetia Tumelo Chingapane.“Your appointment signals the beginning of a new chapter in a friendship built on bilateral…
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Global action urged to lower insurance costs for hurricane-prone island states
(Caribbean Community (CARICOM) Secretariat, Turkeyen, Greater Georgetown, Guyana) – CARICOM Secretary-General Dr Carla Barnett has called for urgent global cooperation to address the rising cost of insurance in the tourism sector of Small Island Developing States (SIDS).Speaking during a high-level panel at the 6th Global Services Forum, held as part of the 16th United Nations Conference on Trade and Development…
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Keynote Address by Dr. Armstrong Alexis, Deputy Secretary-General, CARICOM | Caribbean Association of Banks Inc. Annual General Meeting and Conference | Bridgetown, Barbados | 24 October 2024
“I leave with you, one key message which I hope will inspire you, and that is we, CARICOM people and institutions, have the means to secure a bright future for our Region and its citizens. Our initiatives hold the potential to transform the financial landscape in CARICOM Member States and help to secure the foundations for building out a resilient…
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Survey on concerns about financial services launched
The CARICOM Secretariat is developing a common financial consumer protection (FCP) regime to regulate the conduct of financial service providers (FSPs) and to protect clients of financial institutions in CARICOM Member States. This project is part of the Strengthening Framework for CARICOM Integration and Cooperation Processes and is funded by the 11th European Development Fund. Click on the link to…
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CARICOM and Switzerland – a potential model for north-south cooperation
Secretary-General of the Caribbean Community Ambassador Irwin La Rocque accepted the Letters of Credence of His Excellency Didier Chassot, Plenipotentiary Representative of Switzerland to CARICOM on 6 February 2017, deepening CARICOM’s relationship with Switzerland. In indicating his aspiration for a concrete programme of cooperation, Amb. LaRocque identified environmental protection, renewable energy, financial services, tourism and agri-business as areas of…
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Regional financial services sector called on to be proactive not reactive
The Caribbean region has to take ownership of regulatory issues affecting the international financial services sector. Stakeholders in the sector must start using their high level of expertise and the Diaspora community with their vast international connections to lobby and convince international regulatory institutions of the importance of the sector for the regional economies. To change the focus from reactive…
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