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The Caribbean Association of Indigenous Banks (CAIB) is preparing to hold its 35th Annual General Meeting and Conference, from November 16 in Barbados.Speaking to Kaieteur News, member of the CAIB board of directors,Cheap Baseball Jerseys, John Tracey, said that this year’s conference, which is being held under the theme “Safeguarding our Future in the Face of Global  Economic Challenges”, will focus on several issues, including risk management, anti-money laundering practices, and counter terrorist financing.Tracey added that the conference is aimed at keeping its members abreast of recent developments in the financial world.He said that one of the greatest challenges now being faced by all, not just banks, is the global meltdown in the financial markets of the developed countries.“We have not seen, and we don’t expect that there will be, significant difficulties to local banks, but we will nevertheless be looking at that with a view to anticipating what the challenges will be and what we can do to protect ourselves and the economy,” Tracey said.No doubt, he added, the economies in which they operate will be affected, and to that extent they will be affected, not in terms of profitability, but in terms of volume of business that they do. For instance, Tracey asserted, people remit money to their relatives here,Wholesale Soccer Jerseys, and it goes into the cambio system.“We may expect to see less of that; so, to that extent, the challenges that are posed to our customers will come through to the banks.”  According to Tracey, there is the annual general meeting that takes place before the conference, and this year is election year for the association.Tracey told this newspaper that elections are held every two years, and Guyana currently holds the chairmanship of the association.He added that Guyana’s term of office will be up in November,Wholesale Jerseys, and there will be a new chairman of the association, which should come from what is called the North Caribbean.“Guyana had the chair representing the entire South Caribbean, now I think it moves to the North Caribbean. Some bank, preferably from Jamaica,NHL Jerseys From China, will hold the chair for the next two years.”According to Tracey, there is a training session as part of the conference, and this will be held on the first day.That training session, he added,Cheap Basketball Jerseys, is going to be focused on Enterprise Risk Management.“Risk management and risk is something that is of increasing importance to all and sundry.You’ve got to know how to manage your risk because we take risks, and we cannot avoid taking risks, because no risk no reward. But it’s how you manage that risk.”He added that they will be focusing on providing some training for senior executives of their member banks to bring them up to speed with the latest techniques of risk management.“Training is a big part of CAIB,NFL Jerseys Wholesale,” Tracey said.He also noted that they are going to be focusing, as they do every year, on anti-money laundering and counter terrorist financing.This, he added,Cheap Nike NFL Jerseys, is not prevalent in the Caribbean or among CAIB member banks, but it is something that they need to continue to keep away from.Tracey said that the CAIB has been in partnership with Florida International Bankers Association (FIBA), and they recently ran a training programme in Trinidad on anti-money laundering.“We will focus again on anti-money laundering practices and finding out what are the latest techniques that are being used by these various people to launder money.”CAIB is a community of locally incorporated/owned banks and other financial institutions in the Caribbean/CARICOM Region, which provide opportunities for discussion on issues impacting the indigenous banking/financial services community as well as for the sharing of experiences and networking.The Association comprises 50 member banks/financial institutions, three honorary members, namely the Caribbean Development Bank, CARICOM, and the Caribbean Centre for Monetary Studies; and 10 service members.The total asset base of the members is in excess of US$18.5 billion. (Nadia Guyadeen)