On August 12, 2013 the Eastern Caribbean Cenlral Bank assumed the control of 2 largest banks which operate in Anguilla: Caribbean Commercial Bank (Anguilla) Limited and National Bank of Anguilla Limited.
The amount of non-performing loans of these banks escalaled to the levels beyond the guidelines set by the Central Bank and this in turn resulted in the banks not meeting the capilal requirements. The objective of this action were
There is no deposit guarantee scheme in Anguilla: in the case of Caribbean Commercial Bank (Anguilla) Limited failure its depositors will not get any compensation.
Caribbean Commercial Bank (Anguilla) Limited was authorized and supervised by the Anguilla Financial Services Commission.