Basseterre, St Kitts, June 10th, 2013 -- Bankers representing the 40 commercial banks which operate within the Eastern Caribbean Currency Union (ECCU) will participate in a workshop at the Eastern Caribbean Central Bank (ECCB) headquarters from 11 to 13 June to review the revised commercial banks prudential returns and the manual of instructions.
Prudential returns are forms on which the commercial banks report their financial information requested from the ECCB.
The revised prudential returns are part of the ECCB’s initiative to expand data coverage thus improving the prudential oversight of the commercial banks and the compilation of monetary statistics that will conform to international reporting standards.
Improved prudential oversight of the commercial banks will enhance the overall assessment of the financial market and help to protect the interests of depositors.
During the workshop, the commercial banks representatives will also discuss the implementation of the prudential returns.
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