Barbados: Financial System Stability Assessment

Publication Date: February 12, 2014
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Summary: This paper discusses key findings of the Financial System Stability Assessment Report on Barbados. Barbados has a relatively well-developed financial system, including a large offshore sector. The onshore system is dominated by large, regionally active banks. Banking services to the population are also provided by the credit union sector. With a deteriorating fiscal situation and weak growth prospects, Barbados faces considerable macroeconomic vulnerabilities. Although the financial system does not appear to be a source of immediate risk, its position appears to be deteriorating, with implications for systemic stability.
Series: Country Report No. 14/53
Subject(s): Financial system stability assessment | Financial sector | Banks | Bank supervision | Basel Core Principles | Insurance supervision | Reports on the Observance of Standards and Codes | Barbados

Publication Date: February 12, 2014
ISBN/ISSN: 9781484300404/1934-7685 Format: Paper
Stock No: 1BRBEA2014002 Pages: 64
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