ECCB
ANNUAL REPORT 2014/2015
31
EASTERN CARIBBEAN CENTRAL BANK
•
•
Providing the necessary liquidity support to the
financial system;
•
•
Focusing on the further development of the
Automated Clearing House;
•
•
Exploring ways in which it can enhance its
role as Fiscal Agent to member governments,
particularly as it relates to the RGSM;
•
•
Collaborating with member governments to
develop a cohesive action plan for public sector
financial management; and
•
•
Facilitate member governments’ enhancements
of their cash management practices.
P
ayments
S
ystems
For the upcoming year the Bank will continue its
payment system improvement initiatives in the
following areas:
•
•
Strengthening the governance framework for
the payment system through the implementation
of regulations, procedures and policies for
the payment system in general with a view
to further tighten its internal controls, thus
making them more robust;
•
•
Collaborate with the Eastern Caribbean
Automated Clearing House Services
Incorporated
(ECACHSI)
and
other
stakeholders to develop the second phase of the
Automated Clearing House (ACH) which will
facilitate electronic payments; and
•
•
Begin work on a third phase of the ECACH
implementation which will facilitate the
clearing and settlement of local USD cheques.
L
egal
S
ervices
For the year ahead, the Bank intends to continue to:
•
•
Pursue the comprehensive legislative agenda
for strengthening the resilience of the financial
sector; and
•
•
Provide legal support in the management and
resolution of ABI Bank Ltd, NBA, and CCB.
MONEY AND CAPITAL MARKET
DEVELOPMENT
During the financial year 2015/2016 the following
will be undertaken:
•
•
Collaborating with development partners
to expand the investor base and strengthen
investor relations as part of the process of
further strengthening the market for longer
dated securities.
THE BASIS OF POLICY
R
esearch
The Bank will continue to fulfil its policy objectives
during the upcoming financial year by:
•
•
Conducting applied research on financial
sector stability and resolution, fiscal and debt
sustainability, growth and development, and
monetary policy in a quasi-currency board
arrangement;
•
•
Disseminating selected research work through
the Working Paper Series published on the
Bank’s website;
