Government of Saint Lucia

Go to Homepage


[Site Map]

[Contact Us]

Search this Site

Prime Minister King meets with CL Financial Group

Governor General
Prime Minister
The Cabinet
The Senate
House of Assembly
Overseas Missions
The Constitution
The Staff Orders

National Television Network
Watch NTN Live

Saint Lucia Gazette
Press Releases
About Saint Lucia
Frequently Asked Questions
Web Links
Government Directory
Browse by Agency
Site Help

Contact: Office of the Prime Minister

Friday, February 6, 2009 At a special meeting of the ECCB Monetary Council held on February 3, 2009, the Honourable Prime Minister and Minister for Finance, Honourable Stephenson King, and other members of the Council met to discuss the impact of recent developments with respect to the CL Financial Group, possible implications for the Eastern Caribbean Currency Union (ECCU) and any action which may be required.

The Government of Saint Lucia in association with the Eastern Caribbean Central Bank (ECCB) has been in consultation with the Governments of Barbados and Trinidad and Tobago with a view to maintaining the stability of the financial system, and protecting the interests of policy holders and investors.

Moreover, in keeping with regulatory arrangements for operating in the financial sector, government continues to insist and ensure that CLICO and all other operators in the sector, comply fully with all statutory requirements.

The Government of Saint Lucia is continuing to monitor developments regarding the financial services companies within CL Financial Group, and will subsequently apprise the public of any necessary mitigating action.

Home ] Up ] [Site Help]

2009 Government Information Service. All rights reserved.

Read our privacy guidelines.