Eastern Caribbean Currency Union: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision
IMF Staff Country Reports, September 14, 2004
Source details
- Canonical URL
- Eastern Caribbean Currency Union: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision
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Bibliographic details
- Published: September 14, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811636.002
Summary findings
- Reviews overall stability assessment of the Eastern Caribbean Currency Union (ECCU).
- The fiscal position of the governments in the region has deteriorated sharply in recent years.
- A source of strength of the ECCU has been the large historical presence of strong foreign banks.
- The structure of the banking industry is changing with:
- the entry of more aggressive regional banks, and
- an increased share of privately owned banks.
- The limited activity of the organized ECCU securities markets reflects the small number of securities available for trading.
Subjects and keywords (as listed)
- Subjects: Banking, Commercial banks, Credit bureaus, Financial institutions, Financial services, Loans, Offshore financial centers, Securities
- Keywords: bank, bank affiliate, bank auditor, bank management, bank regulator, Caribbean, Commercial banks, CR, demand liability, draft contingency plan, ECCB act, ECCB Acts, ECCB currency arrangement, ECCB faces reputation risk, ECCB reserve, enforcement power, faces reputation risk, Global, ISCR, Loans, Offshore financial centers, reputation risk, request bank, Securities