News
October 10, 2008
ECCB watching stockmarket turmoil
In a statement issued on Wednesday, the Eastern Caribbean Central Bank (ECCB) has assured members of the Eastern Caribbean Currency Union (ECCU) that it is closely
monitoring the ongoing global financial market developments and the initiatives by major central banks to stabilise global financial markets.{{more}}
âTo date, the banking system of the ECCU has not been impacted by these events. The commercial banking system remains stable and adequately capitalized,â the release said.
âThe ECCB is keeping in close touch with the major financial authorities and continues to monitor very closely developments in the financial sector,â the release ended.