Eastern Caribbean Central Bank 2024-2025 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2024 - 2025

Areas of Focus 2025-2026

software. This will be aimed at ensuring accurate financial reporting and compliancewith submission protocols when using the SAS software. Data Sharing Policy A key focus in 2025/2026 will be the introduction of a micro-level data-sharing policy. This policy will govern the sharing of microdata between entities, ensuring that data privacy and security are maintained while promoting transparency and accessibility. Artificial Intelligence (AI) Strategy The Bank will continue its work on developing a data and AI strategy, including a strong emphasis on data governance. This will provide a roadmap for how data should be managed, protected, and utilised within the organisation as it continues its digital transformation journey. Data Warehouse Contributionstoanewdatawarehousewill continue, with a focus on ensuring that the warehouse meets the evolving data needs of the ECCB. Website Metrics The ECCB will analyse the website metrics to enhance the Statistics page, identifying key performance indicators to measure content engagement and inform future improvements. Organisational Effectiveness and Development Strengthen the Management of Foreign Reserves The Bank will implement an enhanced foreign

currency reserve framework which will involve the following: ; Continuing the development of the credit risk management function which will support the measurement and monitoring of credit risk. ; Furthering the development of portfolio management skills used in the management of the foreign reserves. Integrating Climate-related Financial Risks in the Eastern Caribbean The implementation phase for integrating climate related financial risks in the ECCU is schedule to commence by 31 December 2025. Ongoing work include the development of a climate-related risks taxonomy for institutions in the ECCU region and reporting templates for climate-related risks for financial institutions. Capacity building sessions will continue in this phase of the project. Payment System Oversight Framework The Bank will continue to focus on strengthening the capacity of staff through participation in workshops, seminars, conferences and expand its network through the engagement of international payments experts and industry leaders. Capacity building initiatives will also be extended to the designated FMIs in order to strengthen their operations. The Bank will finalise and issue Guidelines for the Designation of Payment and Settlement Systems in the ECCU and the Criteria for Fit and Proper Persons.

Furthermore, theECCBwill support theprocurement process for the consultancy to implement the

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