ECCB 2025-2026 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2026 (Expressed in Eastern Caribbean dollars)

3. Financial risk management (continued) g) Operational risk (continued)

Compliance with the Bank’s Standards is supported by a programme of periodic reviews undertaken by the Internal Audit Department. The results of the reviews are discussed with the management of the department to which they relate and summaries are submitted to the Board Audit and Risk Committee and Executive Committee of the Bank. h) Strategic risk The Bank continued to execute its Strategic Plan 2021–2026 during the financial year ended 31 March 2026, which represented the final year of the Plan’s implementation cycle. Strategic risk management activities, which includes the ongoing monitoring, reviewing and reporting of institutional priorities, and operational initiatives during the reporting period were aligned with the objectives established under that framework. Following the conclusion of the reporting period, and effective 1 April 2026, the Bank commenced implementation of a new five-year Strategic Plan 2026–2031, approved by the Board of Directors, which will guide the Bank’s strategic priorities, institutional transformation initiatives, and risk management focus over the next planning cycle. The Strategic Plan 2026-2031 hinges on six (6) strategic themes, which reflect the purpose of the Bank, namely:

 Maintain Monetary Stability;  Preserve Financial Stability;

 Advance Payment Modernisation & Financial Inclusion ;  Promote Inclusive Economic Growth & Partnerships;  Enable a Digital and Data-Driven Culture; and  Enhance Organisational Effectiveness.

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