CARTAC/SVGFSA Credit Union
Workshop and Regulatory Meeting
St. Vincent and the Grenadines
August 20-22,2014
Eleanor Astaphan
Agenda
• Background to establishment of Regional
Regulatory Body
• Purpose/Benefits
• Proposed Objectives/Mission
• Proposed Structure and Modus operandi
• Formal Establishment and Plan of Action
Background
• Grenada- Nov 22-23, 2013
• Three considerations- status, transition,
similar bodies
Purpose/Benefits
•
•
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•
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Focal point of contact/Representation
Forum for exchange/Communication
Keep abreast of Industry Developments
Promote continuing education,training
Avoid-formality, competition/burden, fee
focus
Proposed Objectives/Mission
• To serve as a Resource for CU Regulators
• To provide a forum for Exchange,
Communication and Collaboration on matters
related to CU supervision and Regulation
• To keep abreast of Industry developments and
co-ordinate Industry Outreach
Proposed Structure
• Secretariat- Officers, rotation period?
• Functions- Admin, Annual Mtg,Research,
Education
• Add on- Network of Supervisors- Support
Establishment/POA
•
•
•
•
•
Name of Body
Adoption of Objectives/Mission
Volunteer Jurisdiction in First Instance
Resolution/Formal Adoption
Next Steps
Sunset over Villa
Thank You!
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Background to Regulators Association