Home' Trinidad and Tobago Guardian : May 13th 2015 Contents A17
Wednesday, May 13, 2015 www.guardian.co.tt Guardian
International rating agencies have
a role to play in monitoring the
financial stability of countries, said
Glynis Alexander-Tam, general man-
ager, Infolink Services Ltd. Referring
specifically to Moody s Investor Serv-
ices recent downgrade of T&T, she
said the agency was not "picking"
on T&T when it lowered the coun-
try s outlook from stable to nega-
"They have done their homework
and they do reports on countries and
businesses which are very much rel-
evant today. It is not that they are
picking on us.
"This is what 2008 (the global eco-
nomic downturn) did, it changed all
these rating agencies, all the regulators,
all the central banks across the globe.
It changed the way they looked at
Some of the risks rating agencies
look at, include financial risks, oper-
ational risks, business and legal risks.
Alexander-Tam and Craigg Balance,
president, E-Finity Group Inc, spoke
to the T&T Guardian about the chal-
lenges and issues facing the local and
regional banking sectors ahead of the
Banking on the Future Summit which
opens today at the Hyatt Regency in
Infolink Services Ltd (ISL) and E-
Finity Group Inc, a Canadian-based
company, have partnered to host the
conference which has as its theme
Creating a Safer, More Secure Financial
She said the banks would use the
information and advice given by
Moody s to improve how it does busi-
ness, so the downgrade should not
have huge negative implications for
"The information they are putting
out is nothing new. It is big for us
because it has a negative connotation.
Moody s have been putting out ratings
on European countries, Spain, Greece,
the US, that is what they do. People
are going to say things but it is all
part of the education process," she
Alston, CEO of Access, has
announced the company s recent
expansion in Costa Rica and its
entrance into Panama as well as T&T.
In October 2014, Access acquired
Datasafe, a leader in document man-
agement based in Panama City, Pana-
ma, from Semah Investments.
W Price Brannon, CIO of Access
and its chief operating officer in Latin
America, said: "Panama is an economy
that is constantly growing, with a great
potential for business and provides us
a platform for general expansion.
"This agreement is of great value to
our new clients in Panama because of
the investments that Access will make
in infrastructure, technology and the
adoption of best practices."
MetroArchivos, located in San Jose,
Costa Rica, was also acquired in Octo-
ber and adds to the significant presence
Access had already grown with its pre-
vious acquisition of Archivos Beeche
there in August 2013 that built on exist-
ing business Retrievex---acquired by
Access in October 2012---had estab-
lished in the capital city.
With the acquisition of Port-of-
Spain based Chapmans Records Man-
agement in T&T, Access entered the
Caribbean marketplace in November.
"These companies have brought to
our company a solid customer base,
dedicated team members, secure facil-
ities and a true commitment to pro-
viding outstanding customer service,"
"In the Central American countries
of Costa Rica and Panama we will con-
tinue to use the Retrievex brand to
identify our company, while in Eng-
lish-speaking Trinidad and Tobago,
the Access name will replace the Chap-
"We are very excited about our con-
tinued and future growth in these
countries and more in Latin America
and the Caribbean."
As the largest privately held records
and information management services
provider in the United States, Access
now serves 40 markets across the Unit-
ed States and in Latin America and
the Caribbean. (PRNewswire)
Access acquires local firm
picking on T&T
Alexander-Tam said the
summit was a flagship
conference for the T&T banking
community. It was launched in
the region a decade ago
because some members of the
Caribbean business community
would travel to international
conferences which did not cover
the dynamics in the T&T and
Caribbean financial markets.
"The first summit was
started in 2005. The thought
behind it is, why not bring that
sort of content into T&T? Invite
our Caribbean members to
participate," she explained.
Alexander-Tam said a lot of
the content in international
banking conferences deals with
the big banking issues for large
global institutions like Bank of
America and HSBC.
"Their issues are a lot
different to what happens in
the Caribbean," she said.
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