The Cayman Islands Monetary Authority (CIMA) recently partnered with the Association ofSupervisors of Banks of the Americas (ASBA) and the Caribbean Group of Bank Supervisors (CGBS) to host a five-day Banking Analysis and Examination School for banking supervisors in the Caribbean.
The training course took place at the Grand Cayman Marriott Hotel. The course was led by facilitators from the US Board of Governors of the Federal Reserve.
Regional participants are expected from the central banks of Barbados, Belize, Curacao, Honduras, Jamaica, Paraguay, Suriname, Turks & Caicos, Venezuela and the Eastern Caribbean Central Bank (ECCB), with local participation from CIMA’s Banking and Policy divisions.
Cindy Scotland, CIMA’s managing director, said that hosting this training reaffirmed the Authority’s commitment to exposing the Authority’s staff to the latest standards and techniques of supervision and to promoting international cooperation.
As regulator of one of the top financial jurisdictions, it is vital that CIMA staff be cognizant of cutting-edge techniques in regulation and supervision,” she said. “High-level training such as this allows us, and our regional counterparts, to benefit from prominent organisations like the Federal Reserve. This shared knowledge reinforces cross-border cooperation and improves our ability to supervise our licensees, particularly those operating across jurisdictions.”