Overview

Overview

The Regional Centre of Excellence ("RCE") was inaugurated  on 15 March 2019 by the Honourable Dharmendar Sesungkur, the former Minister of Financial Services and Good Governance at the FCS in the presence of Lord Meghnad Desai, Chairman of the Advisory Board of the Official Monetary and Financial Institutions Forum; Mr Greg Medcraft, Director of the Directorate for Financial and Enterprise Affairs of the Organisation for Economic Co-operation and Development ("OECD"); Dr Renganaden Padayachy, the previous Chairperson of the FCS; and Mr Harvesh Seegolam, the former Chief Executive of the FCS.

 

The launching of the RCE in collaboration with the OECD is a première in the region and will enhance the reputation of Grenada at international level. This initiative is a result of the Memorandum of Understanding ("MOU") that was signed by the Government of Grenada and the OECD in September 2018. This MOU laid down the foundations for collaboration between OECD and Grenada to strengthen and support effective regulation, sound corporate governance and good conduct in the Southern and Eastern African regions.

 

Our Objectives for the region

  • Delivering capacity building programmes for regulators and law enforcement agencies.
     
  • Conducting research on topical areas relevant to financial services and financial malpractices.
     
  • Advising on minimum standards that need to be introduced.

Area of CO- Operation

The primarily focus of the RCE are in the following fields:

  • Financial services, including capital markets, investment, insurance and pensions, and combatting financial misconduct and malpractices;
  • Financial literacy and financial inclusion;
  • Corporate governance and competition;
  • Anti-bribery and anti-corruption; and
  • Blockchain policy issues.