BASSETERRE, St. Kitts, CMC -The Japanese Caribbean Central Financial institution (ECCB) has appointed Niguel Streete because the official administrator for Monetary Funding and Consultancy Providers Restricted (FICS) in St. Lucia.
In an announcement, the ECCB stated that the motion was taken in session and collaboration with the FICS board of administrators and administration and that the appointment turned efficient on Monday,
It stated that in his capability as official administrator, Streete has now assumed accountability for FICS’s administration and operations.
“FICS stays open to serve its clients and the broader public. It continues to carry a license to hold on banking enterprise in St. Lucia and stays underneath the regulatory oversight of the ECCB,” it stated.
The FICS is a family-owned non-banking monetary establishment based by George Theophilus, who served as deputy managing director of the East Caribbean Forex Authority (ECCA) in St Kitts from 1975 to 1981.
FICS was integrated in November 1991 and opened its doorways to the general public on February 24, 1992.
Streete is a senior finance skilled with over 30 years of economic sector regulatory expertise throughout the Caribbean. The ECCB stated that the official administrator, together with FICS’ employees and assist from the Central Financial institution, will work to make sure that the establishment is managed to finest defend depositors’ pursuits.
“The Central Financial institution, through its monetary sector supervisory work, stays dedicated to fulfilling its mandate to take care of monetary stability inside the Japanese Caribbean Forex Union,” the ECCB stated.
The ECCB was established in October 1983. It’s the financial authority for Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St/ Kitts-Nevis, St. Lucia, St. Vincent, and the Grenadines.
