ECCB 2015/2016 Annual Report

EASTERN CARIBBEAN CENTRAL BANK

C ontents

i

Letter of Transmittal

Governor’s Foreword

1

Areas of Focus for 2016/2017

27

ii

Mission Statement

Review of Performance

5

Corporate Governance Framework

31

iii

Vision Statement

- Monetary Stability

7

iv

Tribute to the Honourable Sir K Dwight Venner

- Financial Sector Stability

9

Auditors’ Report and Financial Statements

36

- Money and Capital Market Development

11

v

Biography: Governor - Timothy N. J. Antoine

List of Commercial Banks Maintaining Clearing Accounts with the ECCB

126

- The Basis of Policy

13

vi

Monetary Council

- Support for Economic Development

18

vii

Board of Directors

viii

Corporate Information

- Financial Performance

23

xi

Organisational Chart

- Internal Management

24

xii

Highlights of the Year

ECCB Mantra - STAR The ECCB mantra depicts a celebration of the core values of the Bank; a change in the Bank’s culture; and a call to collective action for all staff.