foreign account tax compliance act. one key approach has been its strong focus on training and education – equipping member institutions with the knowledge and tools needed to effectively navigate these complex issues. in more recent years, cab has been instrumental in steering the caribbean banking sector through the challenges of digital transformation. as 1 / 6 bis - central bankers'speeches technological innovation reshapes financial services, i'm sure that cab will continue to provide essential guidance and resources, to help member institutions adopt digital solutions and maintain their competitiveness in a rapidly evolving market. today, cab remains a driving force in the caribbean's financial ecosystem. with a growing number of member institutions across the region, which total over 80 entities, the association continues to champion the interest of its members by advocating for policy changes that strengthen the banking sector and promote greater integration across regional markets. through initiatives aimed at improving financial inclusion, enhancing regulatory compliance, and encouraging cross - border collaboration, cab plays a central role in supporting economic growth, while also ensuring that financial institutions in the region are well - prepared to meet the demands of a modern banking environment. these annual conferences are therefore more than just gatherings and networking opportunities ; they are essential forums for dialogue and action. here, experts from across the caribbean banking sector and other disciplines, come together to address pressing issues, exchange knowledge, and craft solutions that will strengthen our regional banking systems. it is in these settings that we lay the groundwork for future success, fortifying our sector's resilience against external shocks and building the path for sustainable growth. indeed in 2022, i had the distinct pleasure of making a presentation at cab's annual conference in st. lucia, on the topic of south - south co - operation in the banking sector, which examined opportunities for greater collaboration among regulators in the caribbean, africa, and latin america. then in 2023, i participated in a panel that examined the adoption of environmental social and governance or esg practises in the caribbean banking sector. both of these topics are highly relevant and will have a significant impact on the various financial sectors in our region in the near - term, so i can attest to the vital role that these annual conferences play in charting the future of the banking sector in the caribbean. celebrating the 50th anniversary of cab today, as we celebrate the 50th anniversary of cab, we not only acknowledge a milestone ; we also reflect on a remarkable journey of growth and transformation. cab's leadership and commitment has greatly aided

of models and frameworks. 8 in my view, a robust, systematic approach to policy, which is transparent and minimizes the degree to which data mismeasurement and model uncertainty affect policy, is the most promising approach to the uncertainties facing policymakers in real time. charles plosser, “ output gaps and robust policy rules, ” speech presented to the 2010 european banking and financial forum, czech national bank, prague, the czech republic, march 23, 2010. bis central bankers ’ speeches