ECCB 2025-2026 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2025 - 2026

Areas of Focus: 2026-2027 in keeping with the ECCU legislative making framework approved by the Monetary Council. Insurance and Pensions Legislation The Bank anticipates completion of the draft legislative requirements for Insurance and Pensions in the ECCU. Crisis Resolution Legislative Framework The Bank will develop a policy framework for crisis resolution in the ECCU. The development of this framework is in keeping with the Bank’s mandate to maintain financial stability and would, among other things, seek to facilitate the recovery and resolution of ECCU financial institutions experiencing distress while minimising systemic disturbances and large fiscal costs. The framework also envisages the creation of a dispute resolution mechanism empowered to: Direct financial institutions to create an institution specific recovery plan. ; Direct financial institutions to take remedial action as outlined in their recovery plan. ; Take actions to resolve the financial institutions. Payment Systems and Services Bill The Bank will continue to follow up with Participating Governments on the enactment of the Payment System and Services Bill and submit the Payment System and Services (Licensing) Regulations to member governments. The Bank will further develop subsidiary legislation for the proper administration and operationalisation of the Payments System and Services Act. Bankruptcy and Insolvency Legislation The Bank will continue to support the ECCU Insolvency Working Group in its efforts towards the

development of recommendations for the optimal legislative framework for insolvency in the ECCU.

Harmonised Data Protection and Privacy Legislation The Bank will continue to collaborate on the development and drafting of harmonised data protection and privacy legislation and foster open dialogue with stakeholder groups prior to the finalisation of the first draft. Strengthening Oversight, Regulation and Resilience of Financial Market Infrastructures The ECCB will intensify its efforts to strengthen oversight, regulatory frameworks, and operational resilience of Financial Market Infrastructures, while enhancing compliance standards and data governance across the payments ecosystem. In that regard, the following will be actioned: ; The Bank will prioritise the discharge of its oversight responsibilities for systemically important Financial Market Infrastructures and will finalise and issue the examination reports for Caribbean Credit Card Corporation (4Cs) and the ECACH. Subsequently, Letters of Commitment will be executed to remediate deficiencies. This process will enhance observance of the PFMIs and strengthen the safety and soundness of the regional clearing infrastructure. ; The Bank will review PFMI self-assessments and prioritise the conduct of a full-scope onsite examination of the Real Time Gross Settlement (RTGS) System to assess governance, operational risk and business continuity frameworks. Additionally, the Bank will undertake a targeted IT examination of 4Cs and the ECACH to examine safety, efficiency and resilience of the Financial Market Infrastructures.

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