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The Caribbean has made one of its strongest cases yet to a global superpower over the vexing issue of derisking and the quickly disappearing access to correspondent banking services. The situation poses a grave threat to our small and vulnerable economies.In a historic presentation to the United States House Committee on Financial Services led by chairwoman Maxine Waters, the regional representatives convincingly argued their case and succeeded in putting a human face to what has become a burgeoning crisis.Prime Minister Mia Mottley is fittingly being praised for giving leadership to the issue and for using the global leverage she has acquired over the past four years, to force the American political actors to take a second look at the consequences of this over-regulation of the region’s financial sector.Under the theme When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access, Mottley led a formidable team of expert witnesses inclu ....
Prime Minister Mia Mottley will on Wednesday present a case for authorities in Washington to take decisive action to fix the damage caused to Caribbean economies by the loss of correspondent banking.In a historic appearance before the full committee of the United States House Committee on Financial Services, Mottley will become the first Prime Minister in near four decades to testify before the American Congress at a hearing entitled, When Banks Leave: The Impact of De-Risking on the Caribbean and Strategies for Ensuring Financial Access.The hearing stems from The Roundtable Discussion on De-Risking held in Barbados in April this year, which brought together Caribbean leaders, other regional high-level officials, and US representatives led by Congresswoman Maxine Waters who heads the US House Committee on Financial Services.In recent years, Caribbean countries have been grappling to cope with large foreign financial institutions scaling back or terminating their relationships with bank ....
FIBA elects new officers and Board of Directors USA - English Share this article Share this article MIAMI, Dec. 21, 2020 /PRNewswire/ The Florida International Bankers Association (FIBA) has announced its new slate of Officers and Board of Directors. The elected Chairperson for the 2021 – 2022 term is Michelle Fernandez, Managing SVP Head of Compliance of Bci Miami Branch accompanied by Vice-chairs: Andres Fernandez, Partner - Holland & Knight and Wayne Shah, SVP Global Financial Institutions - Wells Fargo; Vice-chair & Secretary: Dilian Schultz, Senior Vice President, Corporate Lending Team Lead - First Horizon; Chair-elect Jordi Torras, CFO - Banco Sabadell; Exec committee - Past Chair: Tony Bejarano, General Manager – BICSA, Treasurer: Ivan Garces, Senior Advisory Principal - Kaufman & Rossin and General Counsel: Kimberly Prior, Partner - Shutts & Bowen. ....