IMF Staff Country Reports

Barbados : Financial System Stability Assessment: Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Securities Regulation

Author/Editor:

International Monetary Fund

Publication Date:

February 20, 2009

Electronic Access:

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Summary:

This paper presents Barbados’s Financial System Stability Assessment Update as part of the Financial Sector Assessment Program Update. The domestic banking sector appears sound and profitable and continues to dominate the financial system. The financial system has benefited from the strong economic expansion, which has boosted credit demand while contributing to a steady improvement in banks’ asset quality. Capital adequacy for locally incorporated banks remains above the minimum required, and profits remain at healthy levels.

Series:

Country Report No. 09/64

Subject:

Bank resolution Bank supervision Banking sector Barbados Capital markets Credit expansion Economic indicators External shocks Financial system stability assessment Governance Insurance Nonbank financial sector Reports on the Observance of Standards and Codes Securities regulations