ECCB 2016/2017 Annual Report

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ECCB ANNUAL REPORT 2016/2017

and end users within ECCB have been accessing both raw level and processed data. Development and enhancement of the system are ongoing. Based on feedback from users and compilers, it was determined that further enhancements to the SAS system were needed. A survey was conducted among the commercial banks, with the ultimate goal of considering enhancement of the data upload process through the SAS Portal, and to better understand the commercial banks’ processes for populating the ECCB Prudential Returns.

•  • Resolution of existing issues; •  • Improved controls; •  • Enhanced reporting; and •  • New functionalities and automations.

The Statistical Enterprise Solution (SES) The SES system, which is powered by SAS, supports web-based technology and covers collection, processing, storage and the dissemination of data.

Commercial banks have been submitting the prudential returns through the web-based SAS Portal since 2014;

ECCB Going Green! The Bank is embarking on a major environmental preservation initiative - the “Greening of the ECCB Campus Project.” The project aims to achieve carbon neutrality. It focuses on: (i) the improvement in energy conservation habits; (ii) the replacement of energy inefficient plant and equipment; and (iii) the generation of electricity from renewable energy. In a subsequent phase, water recycling for some aspects of the Bank’s operations would be pursued. The goal of the project is in line with the Paris Agreement, a United Nations Framework Convention on Climate Change (UNFCCC) dealing with greenhouse gases emissions mitigation and adaptation, adopted by consensus on 12 December 2015. It is the objective of the project not only to achieve carbon neutrality, but also reduce electricity cost significantly. It is envisioned that the project will be used as a model for the use of renewable energy across the ECCU. One objective of the games is to showcase the culture of the Eastern Caribbean by portraying the “Story of Our Islands”, through drama, song and dance. The games will feature competitions in basketball, cricket, darts, dominoes, draughts, football, table tennis, netball and volleyball. ECCB to Host XII Intra-Regional Central Banks Games The ECCB will host the 2018 XII Intra-Regional Central Bank Games under the theme “Embracing Competition, Creating Bonds ICBG 2018” in St Kitts and Nevis over the period 29 March to 2 April 2018.

It is envisaged that the “Greening of the ECCB Campus Project” will be completed in 2018.