NPLs and cyber risks threaten Eastern Caribbean MU – IMF
Steps towards banking union should be put on hold until short-term priorities are addressed, says fund
The International Monetary Fund has urged authorities in the Eastern Caribbean Monetary Union to address critical short-term priorities “without delay”, before taking further steps towards a banking union.
In recent years, the region has begun a process of increased economic integration led by the Eastern Caribbean Central Bank in its capacity as a region-wide bank supervisor.
A new risk-based supervision framework implemented alongside Basel III standards and an improved anti-money laundering
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