A public consultation will be convened here tomorrow on the project to establish an integrated insurance and pension market in the Eastern Caribbean Currency Union (ECCU).

The project, commissioned by the Monetary Council of the Eastern Caribbean Central Bank (ECCB), commenced in 2012, and was a response, in part, to the challenges caused in the region by the collapse of the CL Financial Group.

The key elements of the project are: the passage of uniform modern legislation throughout the ECCU; and the creation of a single well-resourced insurance and pension funds regulator.

The Monetary Council has established a Steering Committee comprising representatives from the insurance industry, insurance regulators, ECCU governments, and an international expert to implement the project.

Tomorrow’s consultation will be held from 1:30pm-4:30pm at the Methodist Church Hall, in Kingstown and will provide information to stakeholders on the project plan and progress to date, and receive feedback on the design and key features of the proposed market.

Taiwan National Day Celebration

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