Eastern Caribbean Central Bank 2024-2025 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2024 - 2025

Legislative Agenda

judiciary together with the aim of: 1. Discussing the challenges faced in implementing insolvency regimes; 2. Hearing from other Caribbean countries on the development of their insolvency regimes and recent cases handled; 3. Sharing insolvency best practices with a focus on technology and climate change issues; and 4. Bringing together insolvency regulators to discuss the harmonisation of practices, building economies of scale and improved supervision, and monitoring of insolvency trustees. Virtual Asset Business Regulations During the year, the Bank continued to followupwith member governments on the issuance of Virtual Asset Business Regulations. The Regulations have been issued in four member countries namely the Commonwealth of Dominica, Grenada, Montserrat, and Saint Lucia. Amendments to Payment System (Eastern Caribbean Automated Clearing House System) Rules, 2021 During the year, the Bank recorded progress in it its efforts to widen access to the ECACH by facilitating the participation of other financial institutions such as credit unions. The Amendments to the Payment System (Eastern Caribbean Automated Clearing House System) Rules, 2021 that seek to broaden this access have now been published in all eight member countries.

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