Eastern Caribbean Central Bank

Montserrat Media Practitioners included in Regional Call for Improved Media Engagement with Eastern Caribbean Central Bank

The Eastern Caribbean Central Bank (ECCB) is expecting improved media engagement in Montserrat and across the region following a two-day Communications Workshop last week. The workshop gathered media practitioners from across the Eastern Caribbean Currency Union (ECCU) in St. Kitts to deepen their knowledge on the role of the bank, ECCB’s services, and financial processes that impact member countries. Speaking with ZJB News, acting Deputy Director of Corporate Relations at the ECCB, Elizabeth Wayland-Phillip shared the Bank’s expectations for future media coverage, noting the need for an improved Bank/media relationship. Wayland-Phillip explained the importance of connecting with the region’s media practitioners. She also commented on feedback received from attendees. The two day event, held on March 26th to 27th, was conducted under the theme: “Connect, Engage, Align: Optimising Central Banking Communication and Strengthening Partnerships.” For Montserrat, Victoria Chalmers represented the Government Information Unit (GIU) at the workshop, while Paulesa Ryner of ZJB Radio attended virtually. Topics reviewed throughout the event included Monetary policy, details on the EC Currency, digital payment platforms, safeguarding the ECCB’s financial systems, reserve management, and storytelling with data, among others.

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ECCB Holds Stakeholder Meetings on Montserrat on Eastern Caribbean Financial Standards Board

The creation of the Eastern Caribbean Financial Standards Board (ECFSB) marks a major step toward strengthening regulation of the non-bank financial sector across the currency union, including Montserrat. That’s the word from ECCB Senior Policy Specialist, Shawn Williams, who joined officials visiting Montserrat last week. He said the new body will introduce uniform regulatory standards designed to protect consumers and safeguard the region’s financial stability. During discussions with stakeholders on island, Mr. Williams explained that the Board will introduce consistent standards in key areas such as capital adequacy, liquidity, and asset quality. These standards ensure that institutions operating within the Eastern Caribbean Currency Union (ECCU) have the financial strength to withstand economic shocks and absorb potential losses. The Board will also enhance coordination by bringing together national regulators and the ECCB under a more unified oversight framework. This collaboration is expected to improve monitoring, early detection of risks, and overall resilience of the financial system.