ECCB 2014-2015 Annual Report and Statement of Accounts

EASTERN CARIBBEAN CENTRAL BANK

The ECCB went live with Phase I of the new SAS Statistical Enterprise Solution on 15 December 2014. The solution provides a statistical system that supports web- based technology and covers collection, processing, storing and the dissemination of data ] [

The Implementation Plan and Statement of Strategy for the 2008 SNA were finalised with member states. Work continued on expanding the scope and coverage of the national accounts during the year. Tables were prepared on the Rest of the World Accounts and the GDP Series were back-casted to 1977, maintaining consistency and providing a longer time series to study changes in the economy over time. Statistical Enterprise Solution The ECCB went live with Phase I of the new SAS Statistical Enterprise Solution on 15 December 2014. The solution provides a statistical system that supports web-based technology and covers collection, processing, storing and the dissemination of data. Phase I of the implementation focused on monetary and financial statistics. Commercial banks can now submit prudential returns to ECCB through a secure web portal and are no longer required to submit hard copies of the data. The public also has access via the Online Statistical Interactive Database to data previously available via the Economic and Financial Review and the Financial Statistics Yearbook.

SUPPORT FOR ECONOMIC DEVELOPMENT

C onferences , S eminars and W orkshops 25 th Annual Conference with Commercial Banks

Participants at the 25 th Annual Conference with Commercial Banks held from 6 - 7 November 2014 at the ECCB Headquarters St Kitts and Nevis The conference was held from 6 - 7 November 2014 under the theme, “The Evolution and Role of the Commercial Banking Sector in the ECCU and its Impact on Growth and Development.” Over 50 representatives from commercial banks and non-bank financial institutions from the eight ECCB member countries attended. The topics covered included: •  • Historical Perspective on the Evolution of Banking in the ECCU by Mr Marius St Rose,

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ECCB ANNUAL REPORT 2014/2015