Projects Of The Caribbean Community
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Projects Of The Caribbean Community
Single market and economy Three countries—Barbados, Jamaica and Trinidad and Tobago—had originally set 5 January 2005 as the date of signing the agreement relating to the CARICOM single market and economy (CSME). The ceremony had then been rescheduled to coincide with 19 February 2005 inauguration of the new CARICOM-headquarters building in Georgetown, Guyana, but this was later postponed after a ruling by the London Privy council caused alarm to several Caribbean countries. The prospect was that ten of the remaining twelve CARICOM countries would join the CSME by the end of 2005. The Bahamas and Haiti were not expected to be a part of the new economic arrangement at that time. The CARICOM Secretariat maintains frequent contact with another organisation named the OECS, Organisation of Eastern Caribbean States (OECS), which represents seven Full members and two Associate members of CARICOM in the Eastern Caribbean. Many of the OECS countries are seeking to maintain themselve ...
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NOREX
In 1997, the Copenhagen Stock Exchange and the Stockholm Stock Exchange initiated formalized cooperation through NOREX, with the purpose of establishing a joint Nordic securities market. At the beginning of 1998, the two exchanges established a joint company, Nordic Exchanges A/S, whose primary task was to market NOREX worldwide. The program was absorbed by OMX when it merged with the Stockholm Stock Exchange in 1998 and purchased the Copenhagen Stock Exchange in 2005. This created a single Nordic exchange to which were added a number of other exchanges over the years and would eventually be part of NASDAQ OMX Group Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and ... by 2008. References Stock exchanges in Europe {{Stockexchange-stub ...
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Bank Of Nova Scotia
The Bank of Nova Scotia (french: link=no, Banque de Nouvelle-Écosse), operating as Scotiabank (french: link=no, Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third largest Canadian bank by deposits and market capitalization. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 92,001 employees and assets of Can$1,136 billion (according to 2020 annual report), Scotiabank trades on the Toronto () and New York () exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002. Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900. Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primaril ...
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RBTT
The Royal Bank of Trinidad and Tobago (RBTT) was a commercial bank based in Trinidad and Tobago and one of the largest commercial banking corporations in the Caribbean region. As of 2008 RBTT Holdings had a group asset base of over US$6.2 billion dollars. The RBTT group of companies operated several commercial banking businesses in other neighbouring islands, as well as various investment holdings in various parts of the Trinidad and Tobago economy. On 26 March 2008, RBTT Shareholders voted 98.18 percent in favour of selling the bank to the Royal Bank of Canada (RBC), who previously had divested the bank in 1987. On 16 June 2008, RBC completed the acquisition. RBTT Financial Holdings Limited and RBC Holdings (Trinidad & Tobago) Limited, a subsidiary of RBC, will amalgamate and continue as a wholly owned indirect subsidiary of RBC. The head office of the Caribbean operations for RBC will be located at Port of Spain, the capital of Trinidad and Tobago, and the site of RBTT's he ...
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Royal Bank Of Canada
Royal Bank of Canada (RBC; french: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has more than 89,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains a corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks. In Canada, the bank's personal and commercial banking operations are branded as ''RBC Royal Bank'' in English and ''RBC Banque Royale'' in French and serves approximately 10 million clients through its network of 1,209 branches. RBC Bank is a US banking subsidiary which formerly operated 439 branches across six states in the Southeastern United States, but now only offers cross-border banking services to Canadian travellers and expats. RBC ...
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FirstCaribbean
CIBC FirstCaribbean International Bank (FCIB) is a financial services company based in Barbados and the Caribbean subsidiary of the Canadian Imperial Bank of Commerce (CIBC). The bank was founded in 2002 as FirstCaribbean International Bank through the merger of the Caribbean operations of Barclays Bank and CIBC, and in March 2006 both CIBC and Barclays announced that Barclays wished to exercise their option to exit the Caribbean venture completely resulting in CIBC gaining majority-control of the bank. In June 2011, it was announced the bank would be renamed CIBC FirstCaribbean Bank "to be more closely aligned to the CIBC brand, while still maintaining the FirstCaribbean name and local identity." The majority of the bank's revenues are generated by its operations in Barbados, the Bahamas and the Cayman Islands. History Prior to 2002, the operations of what is now FirstCaribbean were run as the separate businesses of Barclays Bank and CIBC West Indies, part of CIBC's group of c ...
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Trinidad And Tobago Stock Exchange
The Trinidad and Tobago Stock Exchange (TTSE) is the main stock exchange in the Republic of Trinidad and Tobago, and the largest stock exchange in the Caribbean region by market capitalization. As a member-state of CARICOM several companies from Barbados, Jamaica, Saint Vincent and the Grenadines and the Eastern Caribbean Securities Exchange also cross-list their stocks onto the Trinidad and Tobago Stock Exchange. The unique four symbol alphanumeric ''Market Identifier Code'' (MIC) used to identify the TTSE as defined under ISO 10383. of the International Organization for Standardization (ISO) is: XTRN. The TTSE is located at the Nicholas Tower building on Independence Square in Port of Spain. See also * Economy, Economy of Trinidad and Tobago, Trinidad and Tobago, Trinidad and Tobago dollar * List of stock exchanges * List of stock exchanges in the Americas * List of stock exchanges in the Commonwealth of Nations This is a list of active stock exchanges in the Commonweal ...
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Suriname Stock Exchange
The Suriname Stock Exchange (SSX) is the stock exchange of Suriname. It is being organized by an association called the Vereniging voor de Effectenhandel in Suriname (VvES), and it was founded on 1 January 1994.Dagblad SurinameVereniging voor Effectenhandel in Suriname herdenkt 25-jarig bestaan 13 January 2019 The trade in stocks does not happen on a daily base, but twice a month on the first and third Thursday. In 2014 the National Assembly adopted the Law Capital Market (''Wet Kapitaalmarkt''), in line with a demand of the Caribbean Financial Action Task Force. In 2019 the VvES and the Surinamese American financial technological company OuroX signed a memorandum of understanding to found a digital stock exchange, in accordance to obligations that are provided in the law.United NewsDe eerste stap naar de moderne digitale effectenbeurs voor Suriname 29 April 2019 According to the law the stock exchange should have been suborderd to the Central Bank of Suriname. Both are not yet re ...
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Jamaica Stock Exchange
The Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica. Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capitalization. As of September 30, 2019, there is a total number of 85 companies and 120 securities listed to the JSE, and a market capitalization of just over JM$2 trillion. The Jamaica Stock Exchange is composed of multiple markets: Main Market, Junior Market, USD Market, and Bond Market. The JSE is also recognized as one of the most sector-diverse exchanges in the Caribbean. The key sectors include banking and finance, retail, manufacturing, insurance, leisure, communications, conglomerate, and services and real estate. The current chairman is Ian McNaughton and the deputy chairman is Gary Peart. The managing director is Marlene Street Forrest. Vision The JSE's aim is to the facilitate growth and development of companies and the economy ...
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Guyana Stock Exchange
The Guyana Stock Exchange (GSE) is a stock exchange located in Georgetown, Guyana. It lists 15 registered companies, and trading takes place each Monday via word of mouth on the trading floor supported by an electronic limit order book. The Guyana Stock Exchange is operated by the Guyana Association of Securities Companies and Intermediaries Inc. (GASCI) and is regulated by the Guyana Securities Council. Market capitalisation of local stocks in November 2021 stood at 568,639,217,573 GYD (US$2.72 billion). The first trades took place June 30, 2003 with 12 companies on the register. In 2007, Trinidad Cement Ltd of Trinidad and Tobago was the first company to officially list in the GSE, as well as to be the first non-Guyanese company to register with the exchange although they have since delisted. In 2019, plans for the first agribusiness IPO were announced, but have stalled due to the COVID pandemic. The Lucas Stock Index is published weekly by Stabroek News, and is composed of nine ...
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Eastern Caribbean Securities Exchange
The Eastern Caribbean Securities Exchange (ECSE) is the first regional securities market in the Western Hemisphere and a regional Stock exchange, established by the Eastern Caribbean Central Bank (ECCB) to serve the eight member territories of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. Its headquarters are located in the city of Basseterre, on the island of St. Kitts. See also * Eastern Caribbean Central Securities Registry * List of stock exchanges in the Commonwealth of Nations * List of stock exchanges in the United Kingdom, the British Crown Dependencies and United Kingdom Overseas Territories * Dutch Caribbean Securities Exchange External links * Securities Exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock e ...
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