Financial Services Regulatory Commission,

The Financial Services Regulatory Commission is accepted as member of the CGBS.

ST.JOHN’S, Antigua and Barbuda – 13th August 2015…….On June 12 at their CARICOM Central Bank Governor‘s Meeting , the  Governors  approved  the application of the  Financial Services Regulatory Commission  of Antigua and Barbuda to be admitted  as an associate  member of the  Caribbean Group of Banking Supervisors( CGBS) .

anitigua barbuda

The CGBS was established by CARICOM Central Bank Governors in 1983 with the mandate to enhance and coordinate the harmonization of the bank supervisor practices with a view to bringing them in line with internationally accepted practices.  The membership consists of banking supervisors from seventeen regional jurisdictions namely:  Antigua, Aruba, Bahamas, Belize, British Virgin Island, Cayman Islands, Curacao, St. Maarten,   Eastern Caribbean Central Bank, Guyana, Haiti, Jamaica, St Vincent and the Grenadines, Surinam, and Trinidad and Tobago.  The CGBS is a regional grouping under the Basel Committee for Banking Supervisors.

The chairmanship is restricted to the different CARCICOM member Central Banks as the CGBS is a creation of the CARICOM Central Bank Governors.  In this regard, as an associate member Antigua and Barbuda will enjoy all the rights, privileges and responsibilities of core membership. The chair is currently held by Jamaica.

The FSRC was accepted as a member of the Group of Finance Centre Supervisors on April 27, 2015.

SOURCE: http://antiguachronicle.net/economic2/item/2911-the-financial-services-regulatory-commission-fsrc-now-a-member-of-the-caribbean-group-of-banking-supervisors

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Posted by on Aug 13 2015. Filed under CARIBBEAN COMMUNITY, Politics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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