(CAB)

Our Vision:

“To be the collective voice that protects, promotes and strengthens the

regional banking sector. “

The CAB (formerly Caribbean Association of Indigenous Banks) has been

established since 1974. It is managed by a Board of Directors elected by the

member organisations and supported by a a

Secretariat of 5 staff members.

Our Mission:

“To proactively influence matters of interest

to financial institutions through advocacy and

education.”

Currently, the CAB represents 75 member institutions with an asset base in

excess of US$31 Billion, as at December 2015.

Our membership compliment spans three (3) distinct categories, of General,

Service and Associate members and includes three (3) Honorary Members - namely

the Caribbean Development Bank, CARICOM and the Caribbean Centre for

Money and Finance.

Our membership institutions are spread throughout 20 countries, predominantly

in the Caribbean and South America, with some service members based in

Canada and the USA.

Membership Benefits Include:

Advocacy – We lobby and negotiate on behalf of our members.

COFAP – Observer status on CARICOM’s Council of Finance

and Planning(COFAP), thus providing members opportunities to

influence policy decisions impacting the industry.

AML – Assist in the strengthening and reinforcement of

AML/CTF through the establishment of the Caribbean Anti

Money Laundering (AML) Principles in 2009.

Contacts - Access to CAB’s mailing list for business development,

social networking, information sharing etc.

Membership Benefits cont’d:

Marketing - Wider branding and high value visibility through advertisement in CAB’s Website and Annual Caribbean Account Magazine.

Concessions - Special discounted and concessionary rates from vendors and training partners for Training, Seminars, Conferences, Advertising and other services.

E-newsletter - Up to date information on what’s happening in the industry.

Membership Benefits cont’d:

Exposure - Open invitation to submit articles for our publications and E-newsletter and to share best practice.

Secretariat Support - Dedicated Secretariat team providing professional member services and support.

Member Development - Opportunities for professional development and qualifications.

Regional & International Reach - Represent CAB at local, regional and international meetings and influence policy decisions at the highest levels in CARICOM.

Some of the things that we have done and are doing:

Advocacy

Harmonization of Legislation— We are engaging regional partners

on the issue of harmonization of legislation on a number of areas such as; Credit

Bureau, Secrecy laws, Prudential Regulation, Common Financial Services

Regulation, Accounting Standards, Corporate Governance, Consumer

Protection etc.

Advocacy contd.

Correspondent Banking Relationships/De-Risking—

The CAB has undertaken several interventions which included

correspondence to the Chair and Secretary General of

CARICOM, highlighting the issue of the threat of loss of

correspondent banking relationships and its impact on the

livelihoods of Caribbean people as well as the growth and

development of the financial services sector.

The CAB was the first organisation to raise the issue of De-

risking within the CARICOM region.

Advocacy contd.

Correspondent Banking Relationships—

The CAB has been relentless in its advocacy on this issue

including:

Collaboration with many other stakeholders through presentations &

recommendations delivered at:

Bahamas Institute of Financial Services Conference –Bahamas 2015

Caribbean Banking and the Caribbean International Financial Services

Sector Workshop – Curacao 2015.

Advocacy contd.

Correspondent Banking/De-Risking

Caribbean Policy Research Institute (CaPRI) Round Table

Discussion on Correspondent Banking – Jamaica 2016.

Meeting of CARICOM’s Committee of Ministers of Finance on the

Correspondent Banking threat – Belize 2016.

FATF Private Sector Consultative Forum – Austria 2016

World Bank Group ACAMS Stakeholder Dialogue on De-Risking –

Washington 2016

Caribbean Central American Action in partnership with IDB & OAS

Conference on Finance, FinTech & the Future of Banking in the

Caribbean Basin – Washington 2016

AML /CTF

In 2009, we launched the Caribbean Anti Money Laundering

/Counter Terrorist Financing Principles & Associated

Guidelines.

We established a Caribbean Principles website

http://www.caribbean-principles.com/default.html to facilitate

easy access and adoption for our members. The site lists the names of

the banks that have adopted the Principles and the standards to which

they subscribe.

More recently, in response to the 2015 EU & District of Columbia’s

“Blacklists” which included Caribbean countries the CAB issued letters

& Press Releases to relevant stakeholders.

FATCA - Since the announcement by the United States of the enactment of

the Foreign Account Tax Compliance Act (FATCA) into law on March 18, 2010,

the CAB has been very concerned about the implications for financial services

institutions in the Caribbean and the resultant impact on the economies of the

region as a whole.

In early 2012, CAB developed a position

paper to heighten the awareness and

implications of the Act for all relevant

arties parties and stakeholders. This paper was also

submitted to CARICOM.

Subsequently, CAB, in collaboration with PWC, made a presentation on FATCA

at the 15th Meeting of the Council for Finance and Planning (COFAP), on the

30th June 2012 , St Lucia . This resulted in the formation of a CARICOM Task

Force to formulate a plan of action which would facilitate a regional approach

towards compliance. CAB is represented on this Task Force.

Other FATCA activities..... Training and awareness sessions, circulation of

updates to members and regional partners.

Initiatives

In 2006, CAB developed and launched the Caribbean Association of Audit Committee Members Inc (CAACM) to improve the investment environment in the Caribbean region and to increase investor confidence in the integrity of financial reporting and investor information through the continuous development of audit committee members.

We continue to provide operational support to the

CAACM.

CAB has participated in the Caribbean Internet Governance and Cyber Security Consultation organised by the Caribbean Telecommunications Union.

TrainingTraining conducted during the last two years …..

• Credit Risk Management - Introduction & Advanced (St Lucia)

• Enterprise Risk Management – Module 1 (Antigua)

• AMLCA & FATCA Implementation (Trinidad)

• AML Risk & Correspondent Banking (Curacao)

• Foundations of Loan Underwriting (St Lucia)

• Developing Cutting Edge Talent (St Lucia)

• Scaling Up SME Banking (St Lucia)

• The Compliance Challenge (Curacao)

• Advising Clients in a Highly Regulated Environment (Curacao)

CAB Banking Scholarships

Our Goal….To provide members with an incentive to become qualified bankers.

Our Purpose…..To provide financial assistance to CAB member employees with an interest in pursuing continued education in banking

The Award…….UWI Scholarship Award : to pursue the BSc in Banking and Finance for 3 academic years.

Three (3) scholarships are awarded as follows:

Eastern Caribbean* - USD10,000 * Includes BVI

North Western Region **- USD10,000 ** Belize, Cayman, Jamaica

Southern Region ***- USD10,000 *** Guyana, Suriname, Trinidad and Tobago

The three scholarships are awarded every three (3) years.

Credit Skills Academy

What is it & How Can it Benefit You?

On Line Learning Resource - accessible anytime, anywhere.

Flexible Study with Personalised Study Plan and Study Guide

Two Course Levels – Foundation and Advanced

Successful completion results in accreditation (Associate/Senior Associate) and educational credit towards UK Chartered Banker status

Estimated study time for each course – 200 hours over a 1 year period (4 hours per week)

Low Fees per Student – Non-Member: US$1,250

Bankers Association Member: US$1125

CAB Member: US$1,00

No Books! All material is delivered online.

Assessment Based on (all): 1. Learning Activities while studying

2. Self-Assessment questions per unit

3. A Final Test

4. Personal Credit Case Assignment

CAB Insurance Scheme

CAB and Howden have partnered to deliver a special Insurance Scheme for CAB members.

Howden is part of Hyperion, an international insurance intermediary group that provides end-to-end client solutions. Howden have the largest, wholly owned, international network of any independent broker with global reach that retains the local touch.

The CAB Policy covers:

Comprehensive Crime Electronic Computer Crime

Professional Indemnity/Professional Liability Directors & Officers Liability Insurance

Plastic Card Risks Cyber Security

Trade Credit/Policy

Key Benefits:

Substantial Reduction in Premiums

Policy Wording Which Adequately Covers Your Risk

Networking

Our annual conference provides an excellent forum for bankers, financial services

professionals and partners such as Accountants, Lawyers, Correspondent Bank

officials, Regulators etc., to facilitate both business and personal development.

We engage internationally recognised speakers on current topics so that our members

can stay abreast of legislative, regulatory and market developments that will influence

or impact the future of the industry.

Networking

Some of the topics covered at past conferences are:

21st Century Leadership – Creating the Self-Led Organisation

Corporate Governance and a Risk Management Strategy

The Role of Social Media in Building Customer Relationships

Regional Financial Stability – Implications of Sovereign Debt Restructuring (Panel Discussion)

Managing at the Speed of Change: Balancing Strategy and Execution

Emerging Cyber Global Threats and Tactics

The Changing Face of Consumer Banking – Exceeding Expectations and Managing Risk

Correspondent Banking Relationships – Challenges & Solutions

Collaboration

CAB is actively engaged in collaboration with partners such as:

CARICOM

COTA

EU

Commonwealth Secretariat

Central Banks

Governments

Caribbean-Central American Action

IMF, CARTAC

IFC, World Bank Group

Accounting Firms

Technology Providers

We Have Strong Working Relationships with our Service

Members:

Our Service Members cont’d:

And our Partners:

For more information please contact us at

(758)452-2877;

cab@candw.lc

Or visit our website at http://cab-inc.com/

Thank You!