The ECCB has made it clear it will pursue civil or criminal suits against persons deemed responsible for the dilemma of Anguilla’s two indigenous banks. In a statement issued by the St. Kitts-based Eastern Caribbean Central Bank February 11, the regulatory institution informed that conservatorship of the Caribbean Commercial Bank (Anguilla) Ltd (CCB) and National Bank of Anguilla Ltd (NBA) has been extended. “…it has become necessary to extend the period of conservatorship as some of the conditions which occasioned the intervention still exist. This means that the ECCB will remain in control of both institutions.”The ECCB assumed control of NBA and CCB, Anguilla’s two largest banks, on August 12, 2013, after the banks came under severe financial stress. The move was supported by Hon. Hubert Hughes, Chief Minister of the British overseas territory. The ECCB informed that a number of assessments will have to be conducted, including a forensic audit. “A forensic audit will be conducted to determine the circumstances that existed at the banks that caused the ECCB’s intervention. The report of this audit will be submitted to the Government of Anguilla, the Eastern Caribbean Central Bank Monetary Council and the British Government for their consideration of any civil or criminal action that may be deemed necessary,’the Central Bank said.