(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) – The Caribbean Community (CARICOM) Secretariat convened a review of proposals for a CARICOM Resolution Framework for Financial Institutions operating in the Community at the Trinidad Hilton on 11–12 November 2025.
The Regional Consultation to Review the Proposals for a Draft CARICOM Policy on the Resolution of Financial Institutions and the Drafting Instructions for a related CARICOM Model Law, brought together representatives from 13 CARICOM Member States and the Regional Banking Association. The engagement underscored the Community’s commitment to advancing policy and legal harmonisation, a foundational pillar in establishing the common economic space envisioned under the CARICOM Single Market and Economy (CSME).
Work on the Resolution Framework is being financed under the 11th European Development Fund (EDF), Strengthening the Framework for CARICOM Integration and Cooperation Process (SFCICP) Programme.
The Consultation was facilitated by technical experts from Momentus Global Development and a team from the CARICOM Secretariat led by the Director of Economic Policy and Development, Ms. Evelyn Wayne; Senior Legal Counsel (Drafting), Ms. Melanie Ffrench; and Technical Assistant to the Assistant Secretary-General for Economic Integration, Innovation and Development (EIID), Ms. Shamika Walrond. The session provided participants with the opportunity to review and provide feedback on the Draft Policy and Drafting Instructions.
The outcomes of these deliberations will contribute to the finalisation of the Draft CARICOM Policy on the Resolution of Financial Institutions and comprehensive Drafting Instructions for the preparation of a CARICOM Model Law.