6th Meeting of ECCU Attorneys General and Chief Parliamentary Counsel

Crypto Assets: Implications for Financial Sector Stability in the ECCU and The Legal Policy Considerations for the use of Artificial Intelligence in the Financial Sector were among the issues discussed at the 6^th Joint Meeting of the Eastern Caribbean Currency Union (ECCU) Attorneys General and Chief Parliamentary Counsel at the Royalton Resort, Antigua and Barbuda from 25 to 26 April. 

The Governor of the ECCB, Timothy N.J. Antoine chaired the two-day meeting.   The Attorney General, Saint Christopher (St Kitts) and Nevis, Honourable Garth Wilkin, led a roundtable discussion on: Achieving Growth and Resilience – A New Vision for the ECCU Legal System.

Officers from the ECCB’s Legal Services Department and Financial Sector Supervision Department delivered updates and presentations on a number of issues including:

• ECCU Legislative Agenda;
• ECCB Strategic Plan 2022-2026: Status on Implementation of new legal frameworks 2024/2026;
• Proposal for Amendments to the Banking Act; and
• Eastern Caribbean Deposit Insurance Corporation Agreement Bill.

Representatives from regional and international institutions including: CARICOM, Saint Lucia Collateral Registry, INSOL Europe and Institute of Small and Micro States, Goldsmiths University of London delivered presentations on: (i) Secured Interest in Moveable Property Act –Implementation of Registry and Lessons Learnt, and (ii) CARICOM Draft Model Insolvency Bill.

The institutions represented at the meeting were:

• CARICOM Secretariat
• ECCB
• Enterprise Data Science and Insights, Bank of Canada, Canada
• Goldsmiths University of London, United Kingdom
• INSOL Europe
• National Competitiveness and Productivity Council, Saint Lucia
• Registrar of the Collateral Registry, Saint Lucia

Click here to read the Keynote Address by Attorney General and Minister of Justice and Legal Affairs in the Government of Saint Christopher (St Kitts) and Nevis, the Honourable Garth L Wilkin.

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