ECCB 2015/2016 Annual Report

EASTERN CARIBBEAN CENTRAL BANK

The Statistical Enterprise Solution (SES) Commercial banks continue to submit the prudential returns to ECCB through a secure web portal powered by SAS. Since the implementation of the Statistical Enterprise Solution (SES), commercial banks have been receiving email alerts for submission of the monthly, quarterly and annual prudential returns. This new feature provides the banks with a copy of the explanations on variances submitted and an audit of when the forms are successfully or unsuccessfully submitted, including dates and times of submission or attempts to submit. This was a request made by some banks and the ECCB was pleased to be able to add this new feature to the data submission process. During the financial year, other enhancements were made to the SES and internal users of the SES accessed the data, through pre-defined reports and/or directly through SAS. C onferences , S eminars and W orkshops 26 th Annual Conference with Commercial Banks The conference was held from 5 - 6 November 2015 under the theme, “Bank Soundness and Macro- Economic Stability.” Over 40 representatives from commercial banks and non-bank financial institutions from the eight ECCB member countries attended. The topics covered included:   Governance and Banking Crisis by Chief Executive Officer, Caribbean Information and Credit Rating Services Ltd, Wayne Dass. SUPPORT FOR ECONOMIC DEVELOPMENT

  Credit Risk and Bank Lending by Adviser, Bank Supervision Department, ECCB, Shawn Williams.   Sound Banking Systems and Economic Growth by Senior Director, Governor’s Immediate Office, ECCB, Laurel Bain. Public Education/Public Relations Over the past year, the ECCB continued to initiate and implement programmes geared towards engendering the development of the people of the ECCU. The various components of the programme are designed to help to build capacity among various target groups within the ECCU by exposing them to fundamental economic and financial issues and how they can affect the growth of the sub-region. Financial Information Month Financial Information Month (FIM), initiated by the ECCB in 2002, is observed every October with a full calendar of educational and fun-filled activities. Last year, one of the key highlights of FIM was the 5 th Annual Business Symposium and Innovation Forum hosted in collaboration with FIM partners throughout the ECCU. The symposium was held at the ECCB Headquarters on 8 October 2015 with transmission via videoconference to the other seven ECCB member countries and focused on business growth and financing innovation and entrepreneurship. The topics addressed were as follows: • Leading Business Growth In the OECS... Managing Strategy Leading Change by Managing Director, Baron Foods Ltd, Saint Lucia, Ronald Ramjattan, OBE. • Financing Entrepreneurship and Innovation in the OECS by Chief Executive Officer, Corporate Strategies Ltd, Jamaica, Aubyn Hill.

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ECCB A nnual R eport 2015/2016