Shame on the bankers, cries Clarke

Chief Executive Officer of the Caribbean Credit Bureau (CCB) Grady Clarke has launched a verbal attack on the Barbados Bankers’ Association (BBA), saying it should stay out of the credit bureau business and stick to banking.

Clarke has also strongly hinted at moves to stop to the association’s plan to have an international credit bureau set up business in Barbados.

At a town hall meeting on Tuesday night, at which Clarke was present and voiced objections, BBA Vice President Ian De Souza announced that the association was currently examining the proposals of two international entities to decide which one it would be allowing to establish the local credit information sharing system.

Grady Clarke

Requests for proposals were sent to five companies, including the CCB, which was the only company not to respond.

However, in defending that decision, Clarke said the requirements alone were purposely designed to eliminate his firm.

Bruised by the news that an international firm would be brought in to do the job, an animated Clarke told reporters at a media conference today that his 24-year-old firm was more than capable of providing the required service.

As he prepares to step up his resistance to the plan with a campaign on social media, he warned the bankers that he would be behaving just like United States president Donald Trump.

He is also appealing to the 15-member Caribbean Community (CARICOM) for support in his cause.

“I say to CARICOM and Prime Minister [Keith] Mitchell, as the chair of CARICOM . . .  please give me your ear so I can explain to you that inviting credit bureaus to own our information for us, then to purchase that information again with foreign exchange instead of building local capacity and create local jobs, is wrong,” said Clarke, while accusing the BBA of trying to “take away” opportunities from him to grow his operations.

Clarke argued that an international firm would only drain the island’s foreign exchange and send jobs overseas.

Pointing out that he had some long-serving employees, Clarke cried shame on the commercial banks.

“Shame on you for trying to take away their jobs. This is bare foolishness. And then export the little foreign exchange we have,” he said.

The CCB, which offers training and consultation services, currently operates with about ten employees, as well as a number of volunteers.

9 Responses to Shame on the bankers, cries Clarke

  1. James Austin Bynoe
    James Austin Bynoe July 28, 2017 at 3:29 am

    Absolutely correct

    Reply
  2. BaJan boy July 28, 2017 at 4:35 am

    You surprise?Trinidadians want to own thing in the financial services her in Barbadso. They think they own the banks so no one should make money besides them so let us use our power and form our own credit bureau don’t care what happens to anyone…De.Souza is one disrespectful manager who has come here and living bigger than he ever lived. He now rubs shoulders with Freundel and Sinkler so tha makes it even worse. Get an injunction and stop the disrespectful arrogant clown.

    Reply
  3. BaJan boy July 28, 2017 at 4:35 am

    You surprise?Trinidadians want to own thing in the financial services her in Barbadso. They think they own the banks so no one should make money besides them so let us use our power and form our own credit bureau don’t care what happens to anyone…De.Souza is one disrespectful manager who has come here and living bigger than he ever lived. He now rubs shoulders with Freundel and Sinkler so tha makes it even worse. Get an injunction and stop the disrespectful arrogant clown.

    Reply
  4. Rawle Spooner
    Rawle Spooner July 28, 2017 at 6:16 am

    This is how Barbados operates guess they think that only foreigners up to scratch but it’s a flawed assumption.Then again it’s the clowns running Bim who allow such b/s to keep happening.

    Reply
  5. Jea Alleyne July 28, 2017 at 6:23 am

    Come and take over, you’re nearly there…..Bajans own very little in Barbados…..who is managing this Island or should I ask, who is selling off all that is here…There are only a few people we can look at, Its obvious those that are managing barbados have a lot to answer for……..Thats why they dont attend Press Conferences, all over the world when they is a crisis situation, those in authority sit and answer questions on the TV and explain their actions, when you cant do that…. there is your answer !

    Reply
  6. Bajan Girl July 28, 2017 at 8:38 am

    Well said Grady. You have my support.

    Reply
  7. Honest July 29, 2017 at 9:37 am

    He is correct. Jobs are unnecessarily outsourced in Barbados. Unfortunately, he won’t win. Grady is fighting a losing battle.

    Reply
  8. Waiting July 30, 2017 at 6:53 am

    That is the exact thing that Barrow warned us about that one day we will wake up and the country will not be ours and our leaders both former and present is allowing it to happen, lock stock and barrel. Who is going to stop it?

    Reply

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