Eastern Caribbean Central Bank 2024-2025 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2024 - 2025

Areas of Focus 2025-2026

payment system oversight framework. This consultancy will focus on developing and implementing an operational toolkit and building capacity for the execution of core oversight activities. Planned Department Audits The Bank will conduct audits on the following departments for the financial year 2025/2026: 1. Management Information Systems 2. Research, Statistics and Data Analytics Department 3. Vulnerability and Penetration Test 4. Support Services Management Department 5. Human Resource Department 6. Currency Management Department ECCB Blog and Digital Dialogues Theproductionandpublicationofblogswill continue in the 2025/2026 financial year. A number of topics from the Bank’s external priorities, as it relates to its strategic medium-term plans, are scheduled for the 2025/2026 blog series. In addition, the Bank will persevere with plans to reestablish its Digital Dialogues series in the upcoming year, in an effort to deliver high-level conversations on contemporary and relevant issues pertinent to the people of the ECCU. Engagement with Stakeholders Transforming the region remains important to the Bank; therefore, it will persist in the utilisation of the various available platforms to bring together its stakeholders and partners to participate in the region’s transformative agenda. The consultative meetings with Financial Secretaries and development banks will remain one of the key

avenues utilised for policy discussion and advice.

Later in 2025, the Bank will host the technical seminar with the IMF on potential output growth and credit growth in the ECCU; topics will emanate from the 2025 policy discussions. In addition, the Bank looks forward to the IMF’s 2026 Common Policies engagements. The Bank’s country outreach programmes will also continue in the upcoming year. Risk Management During the 2025/2026 financial year, the Bank will undertake a number of key risk management activities aimed at propelling its risk maturity to the advanced or mature risk maturity level. These will include: 1. Utilisation of dynamic risk dashboards; 2. Performance of a comprehensive review of its approved risk appetite; 3. Implementation and Monitoring of its Key risk Indicators (KRIs); 4. Automation of its risk management practices through its Governance Risk and Compliance (GRC) Solution; 5. Setting core competencies for staff; 6. Delineation of clear performance expectations of staff; and 7. Integration of risk management in Staff Performance Management. Business Continuity Management During the 2025/2026 financial year, the Bank will finalise and implement its BCMS Strategy, endeavouring to raise awareness throughout the Bank and provide training for the persons within the various roles and responsibilities.

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