ECCB 2016/2017 Annual Report

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ECCB ANNUAL REPORT 2016/2017

the department to identify, monitor and manage areas of noted risk for intervention; and •  • Facilitation of requirements of the performance management system consultancy. Stakeholder Engagement - Communication, Public Education and Community Outreach The Bank will: •  • Host the following conferences and events: 1. 5 th Annual Conference of Regional Central Banks Security Chiefs, 28 June - 1 July 2017 1. 22 nd Sir Arthur Lewis Memorial Lecture on 8 November 2017 2. 28 th Annual Commercial Banks Conference during 9 - 10 November 2017 3. XII Intra-Regional Central Banks Games, 29 March 2017 to 2 April 2018 •  • Conduct baseline research to guide the revision of the communication strategy and the reshape of the ECCU public education programmes and community outreach initiatives; •  • Commence live streaming on the Bank’s social media platforms; •  • Conduct the second round of country outreach visits; and •  • Conduct an economic and financial workshop for ECCU media practitioners.

the Bank’s on-going operations and strategic priorities to achieve the goals set out in the five-year Strategic Plan 2017-2021; •  • Improve the Bank’s accounting framework and controls environment, thereby ensuring financial results are reported fairly in accordance with International Financial Reporting Standards; •  • Continue to leverage automation in work processes to achieve greater operational efficiency; and •  • Sustain efforts to improve compliance monitoring of the reserve management function.

FINANCIAL PERFORMANCE The Bank will:

•  • Continue to review business processes and update operating procedures to improve operational efficiency and reduce operating costs; •  • Collaborate with all departments in the planning and budgeting process considering