International Monetary Fund. Monetary and Capital Markets Department
At the request of the Eastern Caribbean Securities Regulatory Commission (ECSRC), a Monetary and Capital Markets (MCM) Department mission conducted a review of a draft version of the new Investment Funds Regulations (IFR) and Securities Regulations (SR) form May 20–June 30, 2022. The two sets of regulations are a key part of the new regime to govern the capital markets in the member territories of the Eastern Caribbean Currency Union (ECCU).
We have all felt the frustration of sending money abroad. It takes time. It’s expensive. It’s cumbersome. And to some of us, it’s embarrassing—because our friends who know we’re economists always ask us what is going on behind the scenes, and the truth is we don’t really know. It’s messy.