ECCB announces monetary protection plan
Jun 28, 2013
ST JOHN’S, Antigua – Bank depositors in the sub-region can look forward to a greater level of protection after the announcement that an Eastern Caribbean Deposit Insurance Corporation will be created.
Eastern Caribbean Central Bank (ECCB) Governor General Sir Dwight Venner revealed that a total of four new institutions will be established to help “stabilise and consolidate the financial sector” in the sub-region.
The other new bodies to be set up are: a Resolution Trust Corporation, Eastern Caribbean Stabilisation Fund and Eastern Caribbean Credit Bureau. Details on plans for the bodies were not revealed.
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