ECCB
ANNUAL REPORT 2014/2015
33
EASTERN CARIBBEAN CENTRAL BANK
•
•
Augment capacity building among teachers,
financial institutions and the media through
Train the Trainers workshops focusing on
economic, financial and business issues; and
•
•
Continue its Public Education Programme
with the schools through its primary school
mentorship programme and secondary schools
initiatives including the annual OECS Essay
Competition.
THE BANK’S FINANCES
For the 2015/2016 financial year, the Accounting
Department will continue to:
•
•
Place emphasis on improving operating
efficiency in an effort to contain expenditure;
•
•
Focus on strengthening the accounting
framework and controls environment, thus
ensuring financial results continue to be
reported fairly in accordance with International
Financial Reporting Standards; and
•
•
Institute and ensure policies and procedures
improve efficiencies in operations.
THE BANK’S INTERNAL
MANAGEMENT
R
isk
M
anagement
For the upcoming financial year, 2015/2016, the IAD
will focus on:
•
•
Preparation of the department’s strategic plan
for the five-year period 2015 to 2020;
•
•
The redesign of audit programmes for
operational departments whose processes were
revamped as a result of the implementation of
stage II of the SAP-ERP system;
•
•
Continued assessment of the effectiveness of
the policy departments in supporting the Bank’s
objective to produce timely and effective policy
advice to member governments;
•
•
Follow-up audit of the Bank Supervision
Department;
•
•
Preparation for an external quality assessment
of the department; and
•
•
Oversight of the implementation of the Bank’s
Resolution Strategy to ensure that execution is
aligned with the approved strategy and that the
overall goals and objectives are achieved.
I
nformation
T
echnology
and
S
ecurity
During the financial year 2015/2016 the following
will be undertaken:
•
•
Implementation of Phase II of the SAS
Statistical Enterprise Solution, which will focus
on incorporating the revised commercial bank
prudential returns, and expand the database
