Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update

World Bank

dc.creator	World Bank
dc.date	2012-03-19T17:22:51Z
dc.date	2012-03-19T17:22:51Z
dc.date	2009-04-01
dc.date.accessioned	2023-02-17T20:45:53Z
dc.date.available	2023-02-17T20:45:53Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090416010332
dc.identifier	http://hdl.handle.net/10986/3034
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243376
dc.description	The principal objective of the mission was to update the FSAP conducted in 2002 focusing on financial system stability and specific institutional development issues. The mission also provided an assessment of the observance of international standards and codes in financial regulation and supervision for the banking and securities sectors as well as of the development needs of the financial system and its potential contribution to economic development. Preliminary results of the mission were discussed with the authorities during the subsequent IMF Article IV mission. The 2008 FSAP update for Barbados took place in the context of considerable turmoil in global financial markets. Encouragingly, the financial system in Barbados has been little affected by this turmoil and the macroeconomic situation remains robust with economic growth continuing to benefit from healthy tourism numbers and ongoing construction activity. As a result, the unemployment rate continues near historic lows. Nonetheless, economic prospects are tied to continuing tourism and, as such, to the slowing economic performance in Europe, particularly the United Kingdom, and the United States. The offshore financial sector appears insulated from the onshore banking system, thus limiting the risk of contagion. Barbados will continue to face competition from offshore financial centers in the region. To differentiate itself, the country is seeking to continue strengthening its reputation for stability and a selective licensing process, and to develop a workforce with strong skills in financial services. However, the authorities continue to face the challenge of overseeing a large number of very heterogeneous financial institutions with constrained resources.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	ARBITRAGE
dc.subject	ARREARS
dc.subject	ASSET CLASSES
dc.subject	ASSET CLASSIFICATION
dc.subject	ASSET MANAGEMENT
dc.subject	ASSET QUALITY
dc.subject	AUDITING
dc.subject	BALANCE OF PAYMENTS
dc.subject	BALANCE SHEET
dc.subject	BANK ASSETS
dc.subject	BANK DEPOSITS
dc.subject	BANK REGULATION
dc.subject	BANK SUPERVISION
dc.subject	BANKING SECTOR
dc.subject	BANKING SYSTEM
dc.subject	BID
dc.subject	BONDS
dc.subject	BROAD MONEY
dc.subject	BROKER
dc.subject	BROKERS
dc.subject	CAPITAL ADEQUACY
dc.subject	CAPITAL MARKET
dc.subject	CAPITAL MARKET DEVELOPMENT
dc.subject	CAPITAL MARKETS
dc.subject	CAPITAL MOVEMENTS
dc.subject	CAPITAL REQUIREMENTS
dc.subject	CAPITAL SHARE
dc.subject	CAPITALIZATION
dc.subject	CASH BALANCES
dc.subject	CASH RESERVE
dc.subject	CENTRAL BANK
dc.subject	CENTRAL DEPOSITORIES
dc.subject	CENTRAL SECURITIES DEPOSITORIES
dc.subject	CENTRAL SECURITIES DEPOSITORY
dc.subject	COLLATERAL
dc.subject	COMMERCIAL BANKS
dc.subject	COMPLIANCE COSTS
dc.subject	COMPULSORY DEPOSIT
dc.subject	CONSUMER CREDIT
dc.subject	CONSUMER LOANS
dc.subject	CONTINGENCY PLANNING
dc.subject	CORPORATE DEBT
dc.subject	CORPORATE DEBT SECURITIES
dc.subject	CORPORATE GOVERNANCE
dc.subject	COUNTRY RISK
dc.subject	CREDIT CARD
dc.subject	CREDIT CARDS
dc.subject	CREDIT DEPOSITS
dc.subject	CREDIT GROWTH
dc.subject	CREDIT POLICY
dc.subject	CREDIT QUALITY
dc.subject	CREDIT RATINGS
dc.subject	CREDIT RISK
dc.subject	CREDIT UNION
dc.subject	CREDIT UNIONS
dc.subject	CURRENCY
dc.subject	DEBENTURES
dc.subject	DEBT
dc.subject	DEBT CONSOLIDATION
dc.subject	DEBT MARKETS
dc.subject	DEPOSIT INSURANCE
dc.subject	DEPOSITOR
dc.subject	DEPOSITS
dc.subject	DERIVATIVE
dc.subject	DOMESTIC BANK
dc.subject	DOMESTIC BANKING
dc.subject	DOMESTIC BANKS
dc.subject	DOMESTIC MARKET
dc.subject	DURABLE
dc.subject	DURABLE GOODS
dc.subject	ELECTRONIC BANKING
dc.subject	EQUITIES
dc.subject	EQUITY HOLDINGS
dc.subject	EXCHANGE CONTROLS
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATES
dc.subject	EXPENDITURE
dc.subject	EXTERNAL DEBT
dc.subject	EXTERNAL FUNDING
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL INSTABILITY
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL MARKET
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL REGULATION
dc.subject	FINANCIAL STABILITY
dc.subject	FINANCIAL STATEMENT
dc.subject	FINANCIAL SYSTEM
dc.subject	FIXED INTEREST
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CURRENCIES
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN CURRENCY LOANS
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGE RISK
dc.subject	GLOBAL MARKET
dc.subject	GLOBALIZATION
dc.subject	GOVERNMENT DEBT
dc.subject	GOVERNMENT DEBT SECURITIES
dc.subject	GOVERNMENT REVENUE
dc.subject	GOVERNMENT SECURITIES
dc.subject	GOVERNMENT SUBSIDIES
dc.subject	HOLDING
dc.subject	HOSTILE TAKEOVER
dc.subject	INFLATION
dc.subject	INSTITUTIONAL DEVELOPMENT
dc.subject	INSURANCE
dc.subject	INSURANCE COMPANIES
dc.subject	INSURANCE COMPANY
dc.subject	INSURANCE CORPORATION
dc.subject	INSURANCE MARKET
dc.subject	INSURANCE PENETRATION
dc.subject	INTEREST RATE
dc.subject	INTEREST RATE RISK
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL STANDARDS
dc.subject	INVESTMENT ASSETS
dc.subject	INVESTMENT OPPORTUNITIES
dc.subject	INVESTMENT PORTFOLIO
dc.subject	INVESTMENT PORTFOLIOS
dc.subject	INVESTMENT REGULATIONS
dc.subject	INVESTMENT STRATEGY
dc.subject	INVESTMENT VEHICLES
dc.subject	INVESTOR PREFERENCE
dc.subject	ISSUANCE
dc.subject	JUDICIAL PROCESS
dc.subject	LEGAL FRAMEWORK
dc.subject	LEGAL PROVISION
dc.subject	LENDER
dc.subject	LENDER OF LAST RESORT
dc.subject	LIABILITY
dc.subject	LIFE INSURANCE
dc.subject	LIFE INSURANCE COMPANIES
dc.subject	LIQUID ASSETS
dc.subject	LIQUIDATION
dc.subject	LIQUIDITY
dc.subject	LIQUIDITY RISK
dc.subject	LOAN
dc.subject	LOCAL MARKET
dc.subject	LONG TERM ASSETS
dc.subject	LONG-TERM INVESTMENT
dc.subject	MARGIN REQUIREMENT
dc.subject	MARKET CAPITALIZATION
dc.subject	MARKET CONFIDENCE
dc.subject	MARKET INTERMEDIARIES
dc.subject	MARKET PARTICIPANTS
dc.subject	MARKET RISK
dc.subject	MARKET RISKS
dc.subject	MARKET TRADES
dc.subject	MATURITY
dc.subject	MINIMUM CAPITAL REQUIREMENT
dc.subject	MONEY MARKET
dc.subject	MONEY MARKET INSTRUMENTS
dc.subject	MORTGAGE
dc.subject	MORTGAGE LOANS
dc.subject	MUTUAL FUND
dc.subject	MUTUAL FUND INDUSTRY
dc.subject	MUTUAL FUNDS
dc.subject	NATIONAL SAVINGS
dc.subject	NEGATIVE SHOCKS
dc.subject	NONPERFORMING LOANS
dc.subject	NPL
dc.subject	OFFSHORE BANKS
dc.subject	OFFSHORE FINANCIAL CENTERS
dc.subject	OFFSHORE MARKET
dc.subject	OIL PRICE
dc.subject	OIL PRICES
dc.subject	OPTIMAL INVESTMENT
dc.subject	PENSIONS
dc.subject	PERSONAL LOANS
dc.subject	PORTFOLIO
dc.subject	PRIVATE BANKS
dc.subject	PRIVATE CAPITAL
dc.subject	PRIVATE CREDIT
dc.subject	PRIVATE SECTOR CREDIT
dc.subject	PROVISIONING RULES
dc.subject	PUBLIC BANKS
dc.subject	PUBLIC FINANCES
dc.subject	REAL ESTATE LENDING
dc.subject	REGISTERED SECURITIES
dc.subject	REGULATORY AUTHORITIES
dc.subject	REGULATORY FRAMEWORK
dc.subject	REGULATORY STANDARDS
dc.subject	RESERVE REQUIREMENTS
dc.subject	RESERVES
dc.subject	RESIDENTIAL MORTGAGE
dc.subject	RESIDENTIAL MORTGAGES
dc.subject	RETURN
dc.subject	RETURNS
dc.subject	RISK DIVERSIFICATION
dc.subject	RISK MANAGEMENT
dc.subject	RISK PROFILES
dc.subject	SAFETY NET
dc.subject	SAFETY NETS
dc.subject	SECONDARY MARKET
dc.subject	SECONDARY MARKET TRADING
dc.subject	SECURITIES
dc.subject	SECURITIES MARKET
dc.subject	SECURITIES MARKETS
dc.subject	SETTLEMENT
dc.subject	SETTLEMENT PERIOD
dc.subject	SETTLEMENT RISK
dc.subject	SHAREHOLDERS
dc.subject	SHORT-TERM ASSETS
dc.subject	SOLVENCY
dc.subject	STATUTORY REQUIREMENT
dc.subject	STOCK EXCHANGE
dc.subject	STOCK EXCHANGES
dc.subject	STOCK MARKET
dc.subject	SUPERVISORY AGENCIES
dc.subject	TAX
dc.subject	TAX CREDIT
dc.subject	TAX INCENTIVES
dc.subject	TRADE DAY
dc.subject	TRADING
dc.subject	TRANSACTION
dc.subject	TRANSPARENCY
dc.subject	TREASURY
dc.subject	TREASURY BILLS
dc.subject	TRUST CORPORATION
dc.subject	VALUATION
dc.title	Barbados - Financial Sector Assessment : Based on the Joint International Monetary Fund (IMF) - World Bank Financial Sector Assessment Program (FSAP) Update
dc.type	Economic & Sector Work :: Financial Sector Assessment Program (FSAP)
dc.coverage	Latin America & Caribbean
dc.coverage	Caribbean
dc.coverage	America
dc.coverage	Barbados