Governor of the Eastern Caribbean Central Bank (ECCB), Timothy N. J. Antoine has identified “political support” as being critically important for the successful establishment of a regional regulator for St. Lucia and the other four countries that offer Citizenship by Investment Programmes (CIP/CBI) in the Eastern Caribbean Currency Union (ECCU).
Governor Antoine said this on Tuesday, 3 June during remarks at the St Kitts and Nevis Investment Gateway Summit held at the St Kitts Marriott Hotel. There, the Governor provided an update on progress made towards establishing the CIP/CBI Regional Regulator.
The Governor currently serves as Chairman for the Interim Regulatory Commission (IRC), which the five CIP/CBI countries appointed to oversee the establishment of the Regional Regulator — an effort that is being led by the ECCB.
The Regional Regulator will supervise, regulate and license the five ECCU Citizenship by Investment Programmes: Antigua and Barbuda, Commonwealth of Dominica, Grenada, Saint Christopher (St Kitts) and Nevis, and Saint Lucia.