ECCB 2020-2021 Annual Report and Statement of Accounts

ORGANISATIONAL EFFECTIVENESS

virtual training sessions in various technical and soft skill areas such as Information Technology, Supervision and Regulation, Risk Management, Audit, Cyber Security and Leadership. Four persons also benefitted from Staff Initiated Training during the period. Following a successful inaugural edition, the Bank also conducted the second cohort of its Emerging Leaders Programme, designed to develop employees for leadership positions. The programme was held virtually over the period September – December 2020 and was conducted by CARICAD. Participants subsequent to engagement in varied leadership development and enhancement sessions were tasked with the creation of innovation projects through Action Learning. The 2 nd Annual Conference of Licensed Financial Institutions The 2 nd Annual Conference of Licensed Financial Institutions was held on 12 November 2020. This year’s conference was a departure from the annual gathering of members of industry and regulation at ECCB Headquarters, and instead received presentations in a virtual format. The conference was held under the theme: The Changing Economic Landscape: COVID-19 and the Financial System . The discussions were held under the sub-themes: • The COVID-19 Pandemic: What is ahead for the ECCU Financial System? and • Improving Financial Inclusion through Digital Transformation.

The COVID-19 Pandemic: What is Ahead for the ECCU Financial System? In this sub-theme, representatives of the banking and credit union industry gave their perspectives on developments in the Financial System in light of the COVID-19 Pandemic. Panellists also offered suggestions on lowering the cost of borrowing for households and ECCU member governments, making use of liquidity and the implementation of the appropriate credit reporting legislation to facilitate financial intermediation. Improving Financial Inclusion Through Digital Transformation The panellists in this discussion sought to provide their perspective on improving financial inclusion through Digital Transformation. The panellists discussed the challenges of improving financial inclusion in the ECCU, the role of member governments and the ECCB in fostering financial inclusion and provided a glimpse of some the opportunities available to improve financial inclusion in the ECCU. ECCB Webinar Series The ECCB held a Webinar Series over the period September – November 2020. The three-part webinar series was conducted in collaboration with the Association of Certified Anti-Money Laundering Specialists. The training was geared towards raising awareness on key risk and technical areas impacting the ECCU region. Over 100 compliance professionals and regulators from the ECCU participated in the webinar series. The following topics were covered: 1. Risk Models 2. Combating the Scourge of Human Trafficking: Perspectives on Unique Caribbean Risks

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