Barbados: Financial System Stability Assessment

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2003 Issue 035

Publication date: February 2003

ISBN: 9781451805987

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , ISCR , CR , FSAP mission , IMF financial system Stability Assessment , FSAP exercise , IOSCO principle , authority , monetary policy , Central bank bills , Insurance , Commercial banks , Insurance companies , Real time gross settlement systems , Caribbean

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Summary

This paper presents key findings of the Financial System Stability Assessment for Barbados, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems. Systemic risks in the financial sector are generally contained, although the sector faces considerable challenges. Repercussions of the recent economic recession on the banking system are being felt, and profitability and asset quality are likely to be depressed in the near term.