Barbados: Financial System Stability Assessment
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.
Year of publication: |
2014-02-12
|
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Financial system stability assessment | Financial sector | Banks | Bank supervision | Basel Core Principles | Insurance supervision | Reports on the Observance of Standards and Codes | Barbados |
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