Preventing the loss of Correspondent Banking Relations (CBR) remains a top agenda item for the government of Antigua and Barbuda and the rest of the region as a delegation peruses the matter during consultations between Caribbean and US authorities in Jamaica.

The delegation, led by Prime Minister and Minister of Finance, Gaston Browne, is currently at the consultation in Jamaica, dubbed Caribbean Public Private Dialogue on Correspondent Banking Relations.

The meeting will attract representatives from several Caribbean nations and will allow regional banks to discuss the controls desired of them with US authorities.

This year, Caricom indicated that several international banks, mainly in the US and Europe, have signaled to client banks in the region an unwillingness to continue CBR. Alongside Caricom, the Eastern Caribbean Central Bank (ECCB) has sought to highlight the matter.

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here