IMF Staff Country Reports

Barbados: Financial System Stability Assessment

February 26, 2003

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International Monetary Fund. Monetary and Capital Markets Department "Barbados: Financial System Stability Assessment", IMF Staff Country Reports 2003, 035 (2003), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781451805987.002

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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.

Subject: Banking, Central bank bills, Central Banks, Commercial banks, Credit bureaus, Financial institutions, Financial markets, Insurance, Insurance companies, Real time gross settlement systems

Keywords: Authority, Caribbean, Central bank bills, Commercial banks, CR, FSAP exercise, FSAP mission, IMF financial system Stability Assessment, Insurance, Insurance companies, IOSCO principle, ISCR, Monetary policy, Real time gross settlement systems

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