The Bahamas : Financial Sector Stability Assessment

 
 
Publication Date: April 11, 2013
 
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Summary: This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector showed stability with high capital and liquidity and sustained challenges; the insurance sector also showed significant improvement. The current financial framework needs to be strengthened, and the mission recommends several reforms to handle financial shocks.
 
Series: Country Report No. 13/101
Subject(s): Financial sector | Banks | Bank supervision | Basel Core Principles | Financial safety nets | Deposit insurance | Risk management | Insurance | Capital markets | Pension funds | Payment systems | Financial system stability assessment | Bahamas, The

 
English
Publication Date: April 11, 2013
ISBN/ISSN: 9781484357675/1934-7685 Format: Paper
Stock No: 1BHSEA2013002 Pages: 88
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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