Eastern Caribbean Currency Union: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision

September 14, 2004

Summary

This Financial System Stability Assessment on the Eastern Caribbean Currency Union (ECCU) reviews overall stability assessment. 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. However, the structure of the banking industry is changing with the entry of more aggressive regional banks, and the share of privately owned banks has increased. The limited activity of the organized ECCU securities markets reflects the small number of securities available for trading.

Subject: 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

Pages:
38
Volume:
2004
DOI:
https://doi.org/10.5089/9781451811636.002
Issue:
293
Series:
Country Report No. 2004/293
Stock No:
1ECCEA0012004
ISBN:
9781451811636
ISSN:
1934-7685

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Staff Country Reports