Regulatory Alerts2026-02-17
Prudential Standard on Corporate Governance for Financial Institutions and Holding Companies
The Eastern Caribbean Central Bank issued a Prudential Standard on Corporate Governance requiring licensed financial institutions and holding companies to adopt comprehensive governance frameworks directed by their boards. The regulation mandates clear risk management protocols, defined board composition and independence, strict fit-and-proper criteria for directors and officers, and transparent stakeholder reporting. Superseding the 2006 guidelines, these binding requirements take effect on April 1, 2026, for all entities licensed under the Banking Act of 2015.
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