The Eastern Caribbean Central Bank (ECCB) will host a Consultative and Legislative Drafting Workshop here tomorrow to address proposed amendments to the Banking Act 2015.
Following the ECCB’s engagements on the application and operationalisation of the Banking Act 2015 with members of the Eastern Caribbean Currency Union (ECCU) banking industry, the Bank is proposing amendments to the Act to address certain areas of concern raised during those discussions.
The objectives of the workshop are to consult with stakeholders and forge consensus on the proposed amendments to the Banking Act 2015; conduct a technical review of the amendments and finalise the drafting of the amendments; and develop a targeted approach to the efficient enactment of the amendments.
The Workshop which will be chaired by ECCB Monetary Council member Prime Minister Dr. Ralph Gonsalves, will be attended by other local and regional stakeholders.
Tomorrow’s workshop takes place at the Beachcombers Hotel.
