Mr. Kelvin Greenaway, Director of Legal (Corporate and Compliance)
October 14, 2015
Regulations and Recommendations of Banking and Financial Sector in
the Caribbean Region
In the Caribbean region there are a few
Mr. Anderson is indeed correct, financial institutions are important in the wellbeing of
an economy. A financial institution is an enterprise such as a bank whose primary
business and function is to collect money from the public and invest it in financial
When a loan application in a bank is being considered there are proper lending
guidelines that need to be followed. In Ms. BBs case, the lending/credit officer did
not follow the proper guidelines of the banks lending policy. Even though it was
The collapse of Jamaicas financial sector in the late 1990s and the subsequent
failure of CLICO/CL in Trinidad and Tobago was considered to be the worst
financial crises experienced in the Caribbean to date. In the 1990s, many banks
in Jamaica experienced
"There are a number of risk factors that commercial banks have to consider and
that regulatory bodies monitor as a function of their supervisory responsibilities.
In no more than 250 words discuss three of these risks and how they can affect
the various s
Central Banks are critical to the growth and development of an economy.
Discuss the role of the central bank in your country and highlight the
relationship between the central bank and the commercial banking sector.
My country- Dominica
A central bank is
As we know, there are many services that banks
provide to their customers. These services are can
often be very risky to both the bank and the
Risk of banking services to the BANK
Safe Custody - The bank 'bailee' faces the risk of
The Commonwealth of Dominica has four commercial banks, one of them is the
National Bank of Dominica (NBD). A customer and banker relationship must always
be created between a bank and its account holders. This specific bank has a list of it
The safest place to keep your money is in the bank,
despite the fact that some people believe otherwise.
To do so, an account will need to be created with the
bank. The process of opening a bank account is simple
once you have all the required documents.
It is best that PDX Company chooses short-term financing, this will allow a better
circulation of cash flow and they would be able to build more branches and
increase product offerings within the Caribbean region. Short term business
finance facilitates b