Media practitioners here in St. Vincent and the Grenadines and within the other Eastern Caribbean Currency Union (ECCU) member countries will be informed today about the Resolution Strategy for the ECCU Financial System.
This as Governor of the Eastern Caribbean Central Bank (ECCB), the Honourable Sir K Dwight Venner will engage with the media practitioners in discussion on the issue.
According to the ECCB, the strategy to stabilize the banking system includes two key components namely the pre-emptive approach which addresses issues of immediate threat to the stability of the banking system; and the structural approach geared at strengthening the institutional framework to minimize future threats to financial system safety and soundness.
The discussion will take place at the ECCB Headquarters in St Kitts and Nevis, with transmission via videoconference to the ECCB Agency Offices throughout the ECCU.
WEFM will bring LIVE coverage of the event which is scheduled to commence at 8:00 pm.
