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PRESS RELEASE Senior officers from commercial banks and non-bank financial institutions which operate within the Eastern Caribbean Currency Union (ECCU) and the wider Caribbean will take an in-depth look at financial sector stability when the 23rd Annual Conference with Commercial Banks convenes at the ECCB Headquarters, St Kitts and Nevis, […]

ECCU Banking and Other Financial Sector Executives Examine the ...



The members of the Organization of Eastern Caribbean States (OECS) should move to establish immediately two separate bodies to regulate domestic non-bank financial institutions and the offshore financial services sector.  In turn, these new bodies should work closely with the Eastern Caribbean Central Bank (ECCB). Financial problems in the member […]

OECS Should Establish Joint Regulator: G20 Should Help



Published on Wednesday, March 18, 2009 KINGSTON, Jamaica (JIS): CARICOM's concerns regarding the effects of the current global economic crisis on the region are to be conveyed to G-20 Leaders, prior to their summit in London next month, Prime Minister Bruce Golding, confirmed on Monday. Golding was speaking to JIS News […]

CARICOM To Pursue Economic Concerns With G-20 and UN


Published on Tuesday, March 17, 2009 BASSETERRE, St Kitts (CUOPM): Caribbean leaders are of the view that the recent financial problems posed by two companies in the region may have significant implications for policyholders, depositors and investors. In a statement issued at the just-concluded 12th Inter-Sessional in Belmopan, Belize, the Heads […]

CARICOM Issues Statement On Stanford And CL Financial Problems


 Published on Thursday, March 2, 2009 Antigua and Barbuda   Antigua and Barbuda must aggressively pursue ways to repair its image before the coming storm of anti-tax haven abuse legislation, says top New York attorney, Kenneth Rubinstein. Rubinstein's law firm drafted the Antigua International Trust Act, International Foundations Act and the […]

Antigua-Barbuda Must Repair Offshore Image, Says New York Attorney



It is a classic case of “passing the buck”, but Caribbean jurisdictions that offer offshore financial services will be the victims of lax regulation by the OECD countries – the UK and US in particular.  Britain’s Prime Minister, Gordon Brown, and the US Senate and Congress have both now shown […]

“Tax haven” jurisdictions – Sitting Ducks and Scapegoats


The threat to the financial services sector of the Caribbean is growing everyday and is becoming more evident in reports by media who have swallowed hook, line and sinker that so-called “tax havens” are helping US, European and Japanese nationals, both persons and companies, to evade taxation in their home […]

Is the Caribbean Financial Services Sector Asleep?