Transcript Diapositiva 1

(CAB)
The CAB (formerly Caribbean Association of Indigenous Banks) has been
established since 1974.
:
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To be the focal point for networking and effective advocacy, and the
organization of choice for support and services for financial
institutions in the Caribbean region.
Managed by a Board of Directors elected by the member organisations.
Supported by a Secretariat of 4 staff members.
Our Mission:
“To advance the interest of
member institutions
through advocacy, networking, provision of training
and other solutions to strengthen the Caribbean
financial services sector”.
Currently, the CAB represents 59 member institutions with an asset base in
excess of US$31 Billion, as at December 2010.
Our membership compliment spans three (3) distinct categories, of General,
Service and Associate members and includes three (3) Honorary Members namely the Caribbean Development Bank, CARICOM and the Caribbean Centre
for Money and Finance.
Our membership institutions are spread throughout 19 countries,
predominantly in the Caribbean and South America, with some service
members based in Canada and the USA.
Membership Benefits Include:
Advocacy – We lobby and negotiate on behalf of our members.
COFAP – Observer status on CARICOM’s Council of Finance
and Planning(COFAP), thus providing members opportunities to
influence policy decisions impacting the industry.
AML – Assist in the strengthening and reinforcement of
AML/ATF through the establishment of the Caribbean Anti
Money Laundering (AML) Principles in 2009.
Contacts - Access to CAB’s mailing list, for business development,
social networking, information sharing etc.
Membership Benefits cont’d:
Marketing - Wider branding and high value visibility through
advertisement in CAB’s Website and Annual Caribbean Account
Magazine.
Concessions - Special discounted and concessionary rates from vendors
and training partners for Training, Seminars, Conferences, Advertising
and other services.
Exclusivity - Access to the “Member Only” database section of our
website which contains a wide cross section of regulatory, compliance,
and research information as well as bank specific statistics and other
data.
E-newsletter - Up to date information on what’s happening in the
industry and in each other’s institutions.
Membership Benefits cont’d:
Exposure - Open invitation to submit articles for our
publications and E-newsletter and to share best practice.
Secretariat Support - Dedicated Secretariat team
providing professional member services and support.
Member Development - Opportunities for professional
development.
Regional & International Reach - Represent CAB at
local, regional and international meetings and influence
policy decisions at the highest levels in CARICOM.
Some of the things that we have done and are doing:
Advocacy
Harmonization of Legislation— We are engaging regional partners
on the issue of harmonization of legislation on a number of areas such as; Credit
Bureau, Secrecy laws, Prudential Regulation, Common Financial Services
Regulation, Accounting Standards, Corporate Governance, Consumer
Protection etc.
AML /CTF
In 2009, we launched the Caribbean Anti Money Laundering
/Counter Terrorist Financing Principles & Associated
Guidelines and it is currently being reviewed.
We established a Caribbean Principles website
http://www.caribbean-principles.com/default.html to
facilitate easy access and adoption for our members. The site
lists the names of the banks that have adopted the Principles
and the standards to which they subscribe.
FATCA - Since the announcement by the United States of the enactment of
the Foreign Account Tax Compliance Act (FATCA) into law on March 18, 2010,
the CAB has been very concerned about the implications for financial services
institutions in the Caribbean and the resultant impact on the economies of the
region as a whole.
In early 2012, CAB developed a position
paper to heighten the awareness and
implications of the Act for all relevant
arties
parties and stakeholders. This paper was also
submitted to CARICOM.
Subsequently, CAB, in collaboration with PWC, made a presentation on FATCA
at the 15th Meeting of the Council for Finance and Planning (COFAP), on the
30th June 2012 , St Lucia . This resulted in the formation of a CARICOM Task
Force to formulate a plan of action which would facilitate a regional approach
towards compliance. CAB is represented on this Task Force.
Other FATCA activities..... Training and awareness sessions, circulation of
updates to members and regional partners.
Initiatives
In 2006, CAB developed and launched the Caribbean Association of Audit
Committee Members Inc (CAACM) to improve the investment environment
in the Caribbean region and to increase investor confidence in the integrity of
financial reporting and investor information through the continuous
development of audit committee members.
We continue to provide operational support to the
CAACM.
CAB has participated in the Caribbean Internet Governance and Cyber Security
Consultation organised by the Caribbean Telecommunications Union.
Training
Training conducted during the last two years …..
• Enterprise Wide Risk Management (Trinidad)
• Know Your Customers (St Lucia)
• Managing Problem Loans (St Lucia)
• Foreign Account Tax Compliance Act (Antigua)
• AML & Counter Terrorism Financing (Antigua)
• Advanced Credit Analysis (St Lucia)
• Stress Testing (Trinidad)
Networking
Our annual conference provides an excellent forum for bankers, financial services
professionals and partners such as Accountants, Lawyers, Correspondent Bank
officials, Regulators etc., to facilitate both business and personal development.
We engage internationally recognised speakers on current topics so that our members
can stay abreast of legislative, regulatory and market developments that will influence
or impact the future of the industry.
Networking
Some of the topics covered at past conferences are:
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New Dimensions in Bank Risk Management
Defining Leadership Amidst Uncertainties & a Changing Financial
Landscape
Enhancing Operational Performance While Building Confidence: The
Case for Stress Testing
Sustainable Growth & Survival of Small/Medium Size Banks: Are Mergers
& Acquisitions inevitable for the region?
Corporate Governance: Is it a Board of Directors or Management Issue?
FATCA – One Year Closer, Impact of the U.S. Tax Law & How to Mobilise
For It.
Collaboration
CAB is actively engaged in collaboration with partners such as:
CARICOM
COTA
EU
Commonwealth Secretariat
Central Banks
Governments
IMF, CARTAC
Accounting Firms
Technology Providers
We Have Strong Working Relationships with our Service
Members:
Our Service Members cont’d:
And our Partners:
&
For more information please contact us at
(758)452-22877;
[email protected]
Or visit our website at http://cab-inc.com/
Thank You!